There aren’t a lot of ways you can gain instant, substantial wealth. The usual methods (lottery, death of a wealthy relative, money laundering, etc.) are either highly subject to chance or highly illegal.
Fortunately, if you happen to be in Singapore, you can add another money-making scheme to the list that requires less luck than winning the lottery, and won’t land you in jail upon a failed attempt: quite a few Singaporeans, especially in the past year, have turned into millionaires thanks to en bloc sales.
There has been some media coverage about how these en bloc sales have left overnight millionaires in their wake. However, the road to en bloc millionairehood is not always easy, nor does it happen instantly.
Here, we consider what exactly is involved in becoming an en bloc millionaire, as well as its potential downsides.
What is en bloc?
An en bloc sale refers …