We often hear of success stories on
en bloc.
- “Ahhh, I hit the en bloc jackpot 3 times in my life and I’m worth over $5million now.”
- “I’ve got the Midas touch because I made my first million at 30.”
But is this the truth for the majority of en bloc hunters? Does every en bloc hunter hit the jackpot?
Unfortunately, en bloc investing is not as easy as it sounds. Let me spill the beans on things that you may not be aware of.
Discover how you can own a Property Portfolio that pays you as it grows, with Jeffrey Ong.
1) Old homes, crappy conditions and strange neighbours
To be eligible for
collective sale or en bloc, a property should ideally be over 20 years old.
For private residential property that is 10 years and older, owners holding at least 80% of the share value of the property must agree to the sale. If the property is less than 10 years old, 90% must agree....
