An en-bloc sale is an ideal, windfall scenario for many property investors. But while it’s happened for numerous people, buyers of old properties need to be cautious – when all things considered, there’s often more potential for failure than success. It’s not just about having a good location; it’s a delicate balance of timing, housing policies, owner demographics, and more. In 2014, it was said that 2 out of every 3 potential en-bloc hopefuls would fail. So here are some commonly overlooked factors as to why an en-bloc may fail:
Understanding the state of en-bloc sales in Singapore
En-bloc sales are actually a way to renew older buildings when they are no longer liveable, or maintenance is no longer justified. As the population size grows, it’s also to optimise and redevelop currently under-utilised land. However, this is not the case in today’s market realities....