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.
Any old condo has ENBLOC potential. Potential is one thing, motivation from the owners is another.
I do ENBLOC for my agency Huttons. But, which specific condo are you enquiring? I often scout for ENBLOC projects for some of my clients. Do contact me so that I can evaluate the ones that you are looking at. I would probably know as I have looked at most of them with potential and shortlisted some for my clients.
Call me please.
Huttons Asia P. L.