enbloc sale.

Enbloc or Collective Sale allows Owners to sell their properties for a lot more than they could fetch by selling individually in the open market
It allows Owners to convert the unused land or development potential in their property development into cash
Enbloc 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

Vista Park sold to developer Oxley

New development on Vista Park site, Kent Ridge Park Residences

ENBLOC SALE CONSULTANT

Since 1999, TRE has transacted more than 30 enbloc projects, assisting many happy and satisfied property owners and investors enhancing and unlocking the values in their real estate investment.

We believe that we can also do the same for you and your fellow owners with our industry contacts and in-depth knowledge of the Collective Sale market.

Feel free to Contact us if you need an assessment for your project. No obligation.

FAQ'S

When is Enbloc then feasible?

En-Bloc Sale is normally feasible when one or a combination of the followings is evident in the development:

An Increase in Plot Ratio of the land
Re-zoning of the land to a higher use
The land is not fully built up or utilised to its allowable development potential

What is the Procedure?

The Stages involved in the En-bloc Sale Process

Checking Land Value
Checking Owners' interest
Requisite Owners' signatories to hold EGM
Appointment of Sales Committee, Property Consultants and Lawyers in EGM
Preparation and signing of Collective Sales Agreement
Marketing of Land sale
Public Tender or Private Treaty
Legal Completion of Enbloc Sale
Delivery of Vacant Possession

Principal terms in Collectively Sale Agreement (CSA)

Reserve price - the minimum price that owners agree to sell
Method of distributing sale proceeds
The validity period of the Collective Sale Agreement
Date to deliver vacant possession
Indemnities for the Sale Committee and between owners
The Sale Committee's authority and responsibility
Mode of Sale
Appointment of Property Consultant and Lawyer
Provisions for 80% or 90% majority agreement and undertaking to pay all costs relating to the Strata Title Board application
Notes: The owners are advised to check with their respective lawyers with regards to the enbloc procedures, appointments and the Collective Sale agreement. The above is basically a general guideline and is subject to variations.

Both Vista Park condominium and How Sun Park were sold successfully by Teakhwa Real Estate