Money and Me: Proposed En Bloc Rules : Could Your Condo Be Next?

 

MONEY FM 89.3

MONEY FM 89.3 is Singapore’s first and only Business and Personal Finance station. MONEY FM is a 24-hour English talk format station featuring local a… 
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Singapore is proposing significant changes to its en bloc rules, potentially making it easier for some ageing developments to be sold collectively - even when a sizeable group of owners wants to stay.

Michelle Martin speaks with Daniel Sim, Founder of Golden Goose Properties, about what really drives a successful collective sale, how homeowners can judge whether an en bloc payout is enough to buy a suitable replacement home, and the protections for owners who oppose a sale.

With the new changes, how will you be able to tell if  an en bloc is a windfall or a disruption?

Here is what you need to know.