20-02-2024, 11:24 AM
(19-02-2024, 09:04 PM)*天哥* Wrote: For a private condo, u dun hope for enbloc but you can call for an enbloc. There is no way you can call for an enbloc with HDB. Get it now ?
You are 100% spot on! Owners of condos may form their own committee to initiate a collective sale to a new developer whenever they wish to. If an agreement for an en bloc sale goes through, the buyer indemnifies the Singapore Land Authority to return the lease to its original 99-year tenure. In order to profit from the collective purchase, developers have to pay for an enhanced plot ratio to increase the number of units in the new development.