En Bloc48 opportune commercial units going for less than a million that you have to know about! Part II

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  • October 28, 2019
  • 20 min read
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Reuben

Reuben is a digital nomad gone rogue. An avid traveler, photographer and public speaker, he now resides just outside of Singapore where he has since found a new passion in generating creative and enriching content for Stacked Homes. Outside of work, you’ll find him meowing along with his kittens (much to the annoyance of his poor wife) and sipping greedily on Teh Peng.

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Chew
Chew

Is fook hai freehold or 99?

Stacked Homes
Stacked Homes

Hi Chew, Fook Hai is 99 years from 18/01/1972

lim t y
lim t y

biggest worry with commercial en bloc unit is whether it can be rented out while waiting. a lot of those on the list are strata titled, old malls with a lack of strategy. a lot of talk about en bloc, but very hard to find a buyer these days also . sim lim square themselves couldn’t go through twice. unlike residential en bloc which is a lot more straight forward. people always need a place to stay so it’s easier to rent. commercial on the other hand is another story.

Chen Seh Choong
Chen Seh Choong

Any explanation why are commercial properties subject to the same 80% support before an en bloc sales can proceed for buildings that older than 10 years since the intention of the law was not to cause hardship to folks that have strong sentimental attachment to the homes they live in?

Stacked Homes
Stacked Homes

Hey! A collective sale’s outcome is very impactful considering how it forces every owner, even those unwilling to sell, to accept the outcome. If an owner truly wants to sell, nothing is stopping them – a collective sale isn’t necessary. So for a decision to be made that leads to such a impactful outcome, a high threshold is required. Commercial units can also be sentimental for certain owners. For example, they might have regular customers visiting their shop there often due to their locale. They might have been operating at the same place for decades. Another example – new owners… Read more »

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