Which walk-up apartments have high chances of collective sale

When considering walk-up apartments in Singapore with potential for en-bloc sales, several factors come into play:

Location

Walk-up apartments located in central and desirable areas such as Novena, Bukit Timah, or Tanglin have a higher en-bloc potential due to their attractive locations for developers.

Land Plot Size

Walk-up apartments often sit on small land plots, which can make them more appealing for collective sales. Smaller developments are easier to manage in terms of achieving the necessary consensus among owners, as there are fewer units involved.

Number of Units

The smaller number of units in walk-up apartments facilitates easier decision-making and consensus among owners, which is crucial for achieving the 80% vote required for an en-bloc sale.

Age and Condition

While older walk-up apartments may have higher maintenance needs, their age can also make them more likely candidates for en-bloc redevelopment. However, pre-war or conserved walk-up apartments, such as those in Tiong Bahru, may have lower chances due to their conservation status.

Market Demand

Areas with high demand for new developments and where the existing walk-up apartments are seen as underutilized or undervalued are more likely to attract developers. For example, walk-up apartments in Tiong Bahru, despite their conservation status, can still command a premium due to their location and potential for rental yield.

In summary, walk-up apartments with the best en-bloc chance are those located in desirable areas, have a small number of units, sit on small land plots, and are not protected by conservation status. However, it is crucial to note that en-bloc potential should not be the sole factor in purchasing a property, as other considerations such as maintenance, resale value, and tenant pool also play significant roles.