In this article, I describe the process that is involved in a collective sale. It usually takes up to two years to complete a successful sale.
Many collective sales have been attempted, but only a small proportion (perhaps less than 10% of attempts) became successful.
5 comments:
Take a good look at history, that this country has a good reputation for efficiency.
2 years X 5 attempts add up to 10 years.
This proves that enbloc can be difficult to achieve.
But then enbloc and government land sales are competitors??
Who in this world makes things easy for their competitors? A large majority would prefer GLS sales, money goes to the state. Enbloc money goes to private individuals.
Today it is common that the big and spacious units cost more in psf than crampy ones since Covid appears. As for the new launches, only the very creme can afford big and spacious units.
It is now even more difficult for people to sign for enbloc, because spacious units are thing of the past unless given a price that is irresistible that equates to a higher reserve price.
Condos that have more than 300 units and different sizes can only dream of achieving an enbloc. Leaks are common stress that has to be endured in very old properties. Thailand and those third world countries, it has a reputation for using cheap quality materials. After 10 years the place feels like 100 years old.
When you have the top living in luxurious landed homes, how will they ever understand, the common people are facing when making policies? And this is no exaggeration.
Interfloor leakings.
Conceal piping leaking is considered the norm in this country once the building reaches 20years old.
Poor workmanship and poor quality control.
Remember: There are no perfect except PAP rules. One can only make rules and decisions based
on information, they were given, not what they actually know. And recognised that they may
never have all the information they would like.
“It's so much easier to suggest solutions when you don't know too much about the problem.”
― Malcolm Forbes
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