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Thread: Condo that tried but NEVER got enbloc...

  1. #11

    Default

    Tulip Garden is the most jialat. They managed to en-bloc. Then the buyer backed out. Further attempts to en-bloc since then have been unsuccessful. Not helped that D'Leedon next door isn't selling well. Spanish Village also tried to en-bloc but this round didn't get the required % of signatures. Looks like the owners there would prefer to hold on.


  2. #12
    Junior
    Join Date
    Jan 2011
    Posts
    1,634

    Default

    In the end Tulip Garden owners got quite a good deal... Wait for ten years but price went up from 2.5m to 4.4m payout for the smallest unit


  3. #13
    Junior
    Join Date
    Oct 2012
    Posts
    1,124

    Default

    Shiok.


  4. #14

    Default

    Quote Originally Posted by CCR View Post
    In the end Tulip Garden owners got quite a good deal... Wait for ten years but price went up from 2.5m to 4.4m payout for the smallest unit
    actually, they also received some payout from the developer who tried to en bloc them last time. some deposit. "double make".


  5. #15

    Default

    Indeed....unless one does not buy the Singapore Story, ppty will still be a sound investment choice. And for investors who were renting out their units, they were still collecting rental after their earlier failed attempts.

    Actually, seeing some condos achieve success after 3/4 attempts gives me even more confidence in my older properties with enbloc potential.


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