is Enbloc Sale ?
Enbloc Sale basically means ...
All the owners of separate units in an apartment, condominium or even an
office building, coming together to collectively sell out their
properties to a developer for comprehensive redevelopment. We attempt to
share and explain here ....
Owners go for Enbloc Sale ?
is it then feasible ?
is the Procedure ?
Why Owners go for Enbloc Sale ?
1. En-Bloc Sale allows Owners to sell their properties for a lot more
than they could fetch by selling individually in the open market.
2. En-Bloc Sale allows Owners to convert the unused land or development
potential in their property development into cash.
3. En-Bloc Sale also allows Owners to cash out of their property
investment for other newer and larger properties or re-invest in other
forms of higher yield investments.
When is Enbloc then Feasible ?
En-Bloc Sale is normally feasible when one or a combination of the
followings is evident in the development:
1. An Increase in Plot Ratio of the land
2. Re-zoning of the land to a higher use
3. The land is not fully built up or utilised to its allowable
What is the Procedure ?
The 7 Stages involved in the En-bloc Sale Process
1. Checking Land Value
2. Checking Owners' interest
3. Sale Preparation
4. Marketing of Land sale
5. Private Treaty/ Public Tender and Evaluation
6. Legal Completion of Enbloc Sale
7. Delivery of Vacant Possession .
Ps : For more information on Enbloc Sale , please feel free to
or email us.
Should you need our assistance to assess your land value for Enbloc