An en bloc sale is feasible if the land value of the property is higher than the total value of the individual apartments, offices, or houses combined. This is because the property has redevelopment potential, allowing owners to profit more by selling as a group than individually.
Situations where an en bloc sale is possible include:
- When the land use has been changed, such as from landed to high rise due to rezoning under the Master Plan.
- When the Master Plan provides for an increase in plot ratio.
- When the existing development has not fully utilized the allowable plot ratio.
The en bloc sales process is governed by the Land Titles (Strata) Act, which can be downloaded from the Attorney General's Chamber website:
http://statutes.agc.gov.sg