En Bloc Fever - an opportunity for sellers - a dismay for stayers
Don't sell my home away ! So say the Stayers who love their homes. And yet the wheels turn...
Discussing enbloc:
Kensington Park $1.05 billion.
Pine Grove $1.65 billio
Mandarin Gardens a $2.5 billion
The collective sales committees at Cavendish Park and Laguna Park in Marine Parade are also in talks.
Despite the new measures announced 5 July 2016, leading to lower potential offering price, some homeowners believe that an en bloc sale is still the way to go for their developments.
Those SPs are sellers who want to cash out NOW - and thus believe that they will still gain more from a collective sale than through the current open market.
..But what of those who don't want to cash out?
What's fair to them?
Remember Singapore is the only country in the world that allows your neighbour to unceremoniously kick you out of your beloved home.
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