En Bloc The Other Owners Agreed To An En-bloc Right After I Moved In: Now What?

  • May 22, 2020
  • 7 min read
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Ryan J

Ryan is an old school print journalist gone digital. He's lived in almost every type of housing in Singapore, from flats to landed homes. Over the past 18 years, he's been a content developer for companies large and small, a co-founder in an education business, and sometimes a voice on the radio. He also spends too much time and money on painting little plastic soldiers.

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Chris
Chris

Hi Ryan,

If today I buy a condo apartment for $1200psf and 2yrs later it get en-bloc. Is it possible that I might get back less than I pay for the apartment (excluding the renovation cost)?

Aizen
Aizen

Hi Ryan, Is SSD of 3 years counts when we exercise or after completion of purchase?

Stacked Homes
Stacked Homes

Hi Aizen! SSD is counted from the purchase date. According to IRAS website:
In most instances, the date of purchase/ acquisition of a property refers to:
Date of Acceptance of the Option to Purchase* or
Date of Sale and Purchase Agreement or
Date of Agreement for Lease (for new HDB flat) or
Date of Transfer where the above (a), (b) and (c) are not applicable
*Excludes an option to Purchase that is subject to the execution/ signing of the Sale and Purchase Agreement

Jimmy
Jimmy

What is the SSD calculate end time? From the date that approvals have been received from the Strata Title Board or the completion of the collective sales?

Stacked Homes
Stacked Homes

Hey Jimmy! SSD is calculated just like any other sales, when the S&P is signed

David
David

Hi Ryan,

I am planning to buy a 2nd hand condo. I am afraid that it is under En Bloc process. Does that condo’s unit seller or that sell’s property agent have the responsibility to inform me that his unit is under En Bloc?

I am afraid to be forced to pay the huge SSD, and waste the big renovation cost.

Thank you.

Stacked Homes
Stacked Homes

Hi David, from what we know, the seller is under no obligation to discuss this. It’s one of those things that an experienced buyer agent would check for older condos. Even sellers may not be aware if an en bloc was on the table if they don’t open their letters or aren’t involved with the condo AGM/EGMs. It’s also hard to prove that the seller/agent knew there was an en bloc underway. Moreover, en bloc is also not guaranteed to go through.

David
David

Many thanks, for the answer. It makes sense.

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