Enbloc sale

[Gbsm]

Planning to buy a unit at Melville park (simei St 1). I was told by friends that it has got a potential enbloc sale.

What decides an enbloc sale and how it works... Can anyone share. thks.

[Joseph22]

Planning to buy a unit at Melville park (simei St 1). I was told by friends that it has got a potential enbloc sale.

What decides an enbloc sale and how it works... Can anyone share. thks.

 

Aiyo. every house have enbloc potential leh... this is a trick that used ppl when trying to sell old estate.

Edited November 19, 2009 by Joseph22

[Deividz]

Can buy to rent out for investment but personally, I won't buy to stay. Seriously too many units and FT sharing few facilities. Prices nowadays are also too exp.

[Gbsm]

Aiyo. every house have enbloc potential leh... this is a trick that used ppl when trying to sell old estate.

You mean its good for the buyers?

[Tarzan666]

Hmm...I dont think so leh..

Melville park like quite new...i think around 1996 pple start living there.

 

Location to me oso quite lousy...imo..

[Lex250]

Look TS, it's like Joseph22 said...all old apts got potnetial. Terminology is key here...POTENTIAL only ...if really cfm U think owner will let go?

 

 

[Joseph22]

You mean its good for the buyers?

 

No i mean it is seller/Owner/Agent way of trying to sell property which have very low Lease(say less than 50 years??).

Edited November 19, 2009 by Joseph22

[Ignissport]

nice smell of roti pratha and thosai there