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I just bought a 99 yr leasehold condo and I heard that there may be enbloc potential. Qn 1: If really enbloc, will I incur ASSD if it happens within my first four years? Qn 2: If the lease left about 60 years, why would another developer buy over since it’s less than 2/3 left? Just curious.
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2 Answers

Aaron Chong
Replied
Hi, for any enbloc cases of a development, it usually will take a couple of years. From the various meeting of the residents with the developer all the way till the time the residents are ask to vacate their unit.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Steven Wang
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1. If the enbloc goes thru within the first 4 yrs, YES you will need to pay Seller's stamp duty

2. Developers who enbloc old condos see the profit potential.
Perhaps it is a location that will see development in the near future, Or the condo has all big units which developer can turn them into many more smaller units, ...etc

and developer will have to pay to top up the lease back to 99 yrs ...

Steven Wang
DTZ
khim,wang28@gmail.com
 91695023  Read More
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