{"id":69116,"date":"2017-10-16T10:23:01","date_gmt":"2017-10-16T03:23:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/en-blocs-can-be-stressful-for-residents\/"},"modified":"2017-10-16T11:04:10","modified_gmt":"2017-10-16T04:04:10","slug":"en-blocs-can-be-stressful-for-residents","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/en-blocs-can-be-stressful-for-residents\/","title":{"rendered":"En blocs can be stressful for residents"},"content":{"rendered":"


\nA view of Tampines Court, a 99-years leasehold development completed in 1984 and is close to Changi General Hospital and Tampines Park.
\nWhile this year\u2019s collective sale fever has yielded $5.2 billion worth of deals, experts warn that en bloc sales could also prove to be a stressful experience for owners, reported The New Paper.
\n\u201cThere can be disagreements and different camps,\u201d said PropNex Realty associate division director Aaron Wan.
\nA resident of Tampines Court, who tracked the estate\u2019s collective sale in a blog, posted pictures of anonymously-written fliers he received in June that urged residents to write to the sales committee for an increase in the reserve price.
\n\u201cI can hardly keep up with all the letters flying about under doors, in letterboxes and surreptitiously passed from hand to hand.\u201d
\n62-year old resident Alfred Chong, on the other hand, felt it was unfair that the 80 percent requirement meant he would have to move out even if he did not consent to the sale.
\nEstates not less than 10 years needs the support of 90 percent of the owners for it to go through en bloc sale, while estates older than 10 years only requires 80 percent.
\nBlocking an en bloc sale, however, could result to strained relationship with other residents. In fact, R. Jayakumar \u2013 who launched a legal fight to prevent Shunfu Ville\u2019s sale \u2013 believe that some residents may be bitter towards him for delaying the sale.
\nMeanwhile, those rooting for a successful sale may suffer an emotional roller coaster while waiting for the sale to push through.
\nTwo Tampines Court residents revealed that they had been worried when their previous attempt at a collective sale in 2008 and 2011 fell through.
\n\u201cThis place is very run-down. I was stressed out as it would be hard to sell on the market if there was no en bloc,\u201d said a 60-year-old private tutor, who wanted to be identified only as Mrs Tan.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…En blocs can be stressful for residents<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A view of Tampines Court, a 99-years leasehold development completed in 1984 and is close...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-69116","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-hYM","jetpack-related-posts":[{"id":63808,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tampines-court-set-to-be-biggest-collective-sale-in-a-decade\/","url_meta":{"origin":69116,"position":0},"title":"Tampines Court set to be biggest collective sale in a decade","date":"August 16, 2017","format":false,"excerpt":"\r Built in 1985, Tampines Court sits on a huge 702,164 sq ft site.\u00a0 Following two failed attempts at a collective sale in 2008 and 2011, Tampines Court is poised to become the biggest en bloc sale of a former Housing and Urban Development Company (HUDC) estate in a decade,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64471,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sim-lian-to-build-12-storey-condo-at-tampines-site\/","url_meta":{"origin":69116,"position":1},"title":"Sim Lian to build 12-storey condo at Tampines site","date":"August 24, 2017","format":false,"excerpt":"\r \u00a0 Sim Lian intends to develop a condominium project with over 2,000 units on the Tampines Court site, which it acquired for S$970 million, reported Business Times. This makes Tampines Court the biggest collective sale since 2007, when Farrer Court was sold for S$1.3388 billion. Exceeding the initial reserve\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79642,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tampines-court-is-the-sale-still-on\/","url_meta":{"origin":69116,"position":2},"title":"Tampines Court: Is the sale still on?","date":"February 12, 2018","format":false,"excerpt":"\r The developer Sim Lian Group is awaiting Planning Permission approval from the URA so that it can build more housing units on the site. Worried at the lack of updates on the collective sale process, homeowners at Tampines Court wanted to know whether the sale of the development to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59606,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tampines-court-to-go-en-bloc-again\/","url_meta":{"origin":69116,"position":3},"title":"Tampines Court to go en bloc again","date":"July 3, 2017","format":false,"excerpt":"\r \u00a0 For the third time, Tampines Court will once again hit the collective sales market on Tuesday carrying an indicative price of S$960 million, after 82 percent of its owners consented to the sale. The former Housing and Urban Development Company (HUDC) estate\u2019s first attempt at an en bloc\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56934,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-estates-gunning-for-en-bloc-sales\/","url_meta":{"origin":69116,"position":4},"title":"Two estates gunning for en bloc sales","date":"June 5, 2017","format":false,"excerpt":"\r The Interlace (pictured) began as Gillman Heights \u2013 one of the first HUDC to be privatised in 1996 and then later sold via an en bloc sale \u2013 an aim both Tampines Court and Florence Regency are now hoping to achieve. Following the recent collective sales of Rio Casa\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112490,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/robust-interest-for-larger-bto-flats-in-ang-mo-kio-tampines\/","url_meta":{"origin":69116,"position":5},"title":"Robust interest for larger BTO flats in Ang Mo Kio, Tampines","date":"November 20, 2019","format":false,"excerpt":"\r Competition for Tengah\u2019s bigger flats, however, was sparse. Image: HDB Bigger Build-to-Order (BTO) flats within the mature estates of Tampines and Ang Mo Kio proved to be a hit among homebuyers at a Housing and Development Board (HDB) sales exercise that ended on Monday (18 November), while smaller units\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/69116"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=69116"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/69116\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=69116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=69116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=69116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}