Do you own an office complex, condominium or apartment complex that you want to sell? Is your building or vacant property in an area where vacant land is at a premium? If you have decided to sell this property, it would be very wise to team up with your neighbouring building and property owners to sell the properties as an entire block, instead of parcel by parcel. This is the best way to get a better price for each property as well as making certain that the vacant land can be used to in the best way possible for the area and under the current economic conditions.
For those unfamiliar with how an En-bloc sale works and what is involved in the transaction, here is a simple run-down or description of the process involved in an En-bloc sale. There are actually 7 steps that need to happen to ensure that the sale is carried out properly. These steps are:
#1 assessing the value of any vacant Land
#2 checking to see how interested the Owner is in selling
#3 listing the property for sale
#4 advertising the land that is for sale
#5 looking over the offers submitted
#6 attending the Settlement proceedings
#7 transferring possession to the new owners
This can be a very confusing process to someone who has absolutely no idea how these particular sales work. The best advice that we can give anyone interested in learning about the goings-on in an En-bloc Sale would be that they find an ongoing En-bloc sale, go look around and ask questions. There actually are a lot of questions that need to be answered during the process of the En-bloc sale; questions like:
Can the land be re-zoned for a different or better use?
Is the land built up or even fully developed? Can it be?
Is there any way to increase the ratio of vacant land to developed plots? These are some of the questions that potential buyer will want and need the answers to. Information like this is what helps a buyer decide of a piece of property in the En-bloc (and that entire En-bloc for that matter) is suited to their needs.
If you have your eye on purchasing a plot in and En-bloc or the entire En-bloc; or are an owner looking to sell you piece of property in an En-bloc, remember that you really need to hire a team of realtors who specialize in En-bloc Sales. We have such a team and are the best in the real estate business and in Singapore as a whole. Are you going to be hiring staff and employees from outside of Singapore to work in your new office complex or business? We can help you secure residential homes for them; and help them get used to living and working in Singapore. We can help your local employees as well if they will be relocating from one part of Singapore to another to move along with your company or offices.