An en bloc sale is feasible if the land value of the property is higher than the total value of the individual apartments, offices or houses combined. This is because the property has redevelopment potential. Therefore, the owners may well profit from an en-bloc sale by getting more money selling as a group than selling individually.
Where the land use has been changed. For example, when use has been changed from landed to high-rise, as a result of re-zoning under the Master
The most common situations where an en bloc sale might be possible are listed below:
(a) Where the land use has been changed. For example, when use has been changed from landed to high-rise, as a result of re-zoning under the Master Plan. For example, Ipoh Lane landed houses sale.
(b) Where the Master Plan provides for an increase in plot ratio.
(c) Where the existing development has not been fully used-up the allowable plot ratio.
Hope this answers your question.
I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.
Our minister Mr Lawrence Wong said that HDB Enbloc (SERS) % is as low 3.9% in the news. Private/Commercial wise there are more opportunity for enbloc. Lately there are a few enbloc cases such as international plaza. Spot the right property, whatsapp me at 90275509 to know more.
All properties has a potential to go enbloc, as long as the Developer deemed it worthwhile. However, potential is always potential, nothing concrete. And honestly, judging from the factors, it is not so easy for Parkview Apartments to go enbloc.
May I know if you're looking to purchase for your own stay? Or is this property for investment purpose?
I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.
Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305. I will be happy to assess and share with you the possibilities for you in the current market.