Asked by Perry Tan
The MC of my condo is looking into "En-blocing" the property. Would you help in providing some advices:
1) Does all "en-bloc" properties need to be opened to open tenders process?
2) "Private Treaty"-what exactly is this and how does it work? Does it means that the Sales Committe would only negotiate privately with developers & skipping the open tender process? Does the present law in Singapore allow this and is this legal?
3)Buildings are pegged with a technical height restriction over and above the ruling from the plot ratio; how do we find out what is the technical height restriction of a building? Tried the URA web site but don't seems to find it.
4) Does "En-Bloc" and "Collective Sales" meant the exact same thing?
5)Generally, what is considered a fair price in an en-bloc? Typically how much were owners offered as premiums/extras over the average psf of an area? What are some of the factors, developers would consider in making an offer in en-blocs?
Thank you!
1) Does all "en-bloc" properties need to be opened to open tenders process?
2) "Private Treaty"-what exactly is this and how does it work? Does it means that the Sales Committe would only negotiate privately with developers & skipping the open tender process? Does the present law in Singapore allow this and is this legal?
3)Buildings are pegged with a technical height restriction over and above the ruling from the plot ratio; how do we find out what is the technical height restriction of a building? Tried the URA web site but don't seems to find it.
4) Does "En-Bloc" and "Collective Sales" meant the exact same thing?
5)Generally, what is considered a fair price in an en-bloc? Typically how much were owners offered as premiums/extras over the average psf of an area? What are some of the factors, developers would consider in making an offer in en-blocs?
Thank you!
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