En Bloc or Collective Sales

What are 'en bloc' or collective sales?

In an old development, the land might have been under-developed.

Moreover, the units built on it may be old.

The units can be sold only at low prices because of their dilapidated conditions.

In such cases, the owners can consider getting together and agreeing to sell all the units and, more importantly, the land on which the development stands, to a property developer.

The developer can pull down the old buildings and build more and new units on the land.

The developer should pay the owner a higher price than what the owner can sell his unit for alone.

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How can I profit from an en bloc sale?

In an en bloc sale, an owner of a unit sells his unit at a price higher than what he can sell it for individually.

For example, in 1998, a buyer bought a flat at a development for S$ 2 million.

In less than a year, he sold the same flat in an en bloc sale at S$4.75 million.

This meant a staggering profit of S$2.75 million in less than a year.

The owner had invested S$1 million of his own money to buy the flat, and borrowed the other S$1 million, to buy the flat.

Therefore, the return on his investment of S$1 million is an impressive 2.75 times, within a year.

Phang&Co acted in the en bloc purchase of Cairnhill Court.

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How do I find out if my property can be sold on an en bloc basis?

We work with established and reliable property consultants to assess if your unit can be sold on an en bloc basis.

For a free and no obligation assessment whether your property can be sold on an en bloc basis, please contact:

Miss Angie Ng at [email protected], or call her at 9 666 23 88.

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What are the legal steps in an en bloc sale?

For a free and 'no obligation' consultation on the legal aspects of the en bloc process, or any matter relatiang to an en bloc sale, please contact:

Miss Angie Ng at [email protected], or call him at 6 337 13 67.