do u have the total strata area in pandan valley?
En bloc condos
- Thread starter MrHighlander
- Start date
Enbloc is not a pretty process unless you own a lot of units in a very small boutique project.
Any condo that have enbloc potential would have started their EOGM process anytime from last year November onwards because of the this move by URA
Not widely talked about even in the news, because consumers not really affected, but developers get to build up to extra 3% GFA. This is big news to in the property market because all old projects prices are already inflated with enbloc potential. Those strata owned projects owned by 1 entity immediately went for enbloc - the rest of them probably started their EOGM at early of this year where our covid restrictions start to ease as well. All big property agencies like PN, ERA, KF, OTT etc who dabbles in enbloc would have already contacted management to tell them that this is the year of enbloc.
Master plan changes every 5 years, the last was in 2019, this year is 2022, any projects that have plot ratio increased would have already known in 2020 and already adjusted their price to sell with enbloc potential. Only projects like Chuan Park if you read, on URA master plan its 2.1 but somehow they got a written letter that its 2.4 ? A lot of drama going on there.
If you want to know which project has true enbloc potential, just ask the owners/agents how many rounds of enbloc EOGM have they gone through, minimally at least 2 (2018 and 2021/2022), if not, really sus.
Today you buy any project with enbloc potential, you have to pray it doesn't go through until 3 years later because you will incur SSD. And if you are buying a project where like 70% wants enbloc but 30% don't want, most likely the management will not be super motivated to fix all defects etc in the project because they want to piss the 30% of people off into going through enbloc, so when you are staying inside / renting, don't expect a very nice stay - that's my opinion.
Any condo that have enbloc potential would have started their EOGM process anytime from last year November onwards because of the this move by URA
- URA LINK
Not widely talked about even in the news, because consumers not really affected, but developers get to build up to extra 3% GFA. This is big news to in the property market because all old projects prices are already inflated with enbloc potential. Those strata owned projects owned by 1 entity immediately went for enbloc - the rest of them probably started their EOGM at early of this year where our covid restrictions start to ease as well. All big property agencies like PN, ERA, KF, OTT etc who dabbles in enbloc would have already contacted management to tell them that this is the year of enbloc.
Master plan changes every 5 years, the last was in 2019, this year is 2022, any projects that have plot ratio increased would have already known in 2020 and already adjusted their price to sell with enbloc potential. Only projects like Chuan Park if you read, on URA master plan its 2.1 but somehow they got a written letter that its 2.4 ? A lot of drama going on there.
If you want to know which project has true enbloc potential, just ask the owners/agents how many rounds of enbloc EOGM have they gone through, minimally at least 2 (2018 and 2021/2022), if not, really sus.
Today you buy any project with enbloc potential, you have to pray it doesn't go through until 3 years later because you will incur SSD. And if you are buying a project where like 70% wants enbloc but 30% don't want, most likely the management will not be super motivated to fix all defects etc in the project because they want to piss the 30% of people off into going through enbloc, so when you are staying inside / renting, don't expect a very nice stay - that's my opinion.
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