Hello Patrick,
there are many rumours going on as well regarding other developments. But nothing is certain unless its in writing. Especially for an en-bloc situation. If the rumours are indeed true, then yes, you can hold on to your unit. But be prepared to wait for more than 3 years before you see any money. And only IF the whole collective sales go through.
The en-bloc process will require that 80% of the owners sign the collective sales agreement before the entire project is put up for tender. This stage alone requires some time. If the bid fails and no developer bites, then the project will be locked in for 2 years before a similar process can surface again.
A time-consuming and tedious process. Further-more, not every old plot of land is suitable for an en-bloc bid. It is a complex process whereby developers have to compare many factors including the reserve price put by the sales committee vs the plot ratio, building cost, break-even cost, eventual sales price and whether the any money can be made by the developers.
If you do not want to wait for 3 or more years to test whether a rumour is true or not, but prefer to liquidate your assets for cash-flow, please email me for a no-obligations chat. I'll be more than happy to help! Alternatively, do view my web at www.96952550.com and if you feel we can work together, I look forward to hearing from you soon :)
Thank you very much!
Dalen Chee
email : dalen550@gmail.com
mobile :
9695 2550
my web : www.96952550.com
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