What Is En Bloc Singapore?

What happens when HDB en bloc?

The Selective En bloc Redevelopment Scheme (SERS) renews our older housing estates. If you are a SERS resident, you will get the opportunity to move to a new home with a new 99-year lease, and continue living close to your current neighbours.

What happens in an en bloc?

An en bloc sale happens when a developer wants to buy up the land on which your property stands. These developers think they can make more money out of the land than what they’re paying for it. But to do that, they will need most of the residents to agree to sell their homes to them in a collective sale.

How do you identify en bloc potential?

To check the plot ratio of your property, simply head to URA Space that is available on URA’s website. Large open-air carparks in condominiums are also an indicator that the land can be used more efficiently, meaning that there is en bloc potential.

How long does en bloc process take?

Price trend movement as En bloc sales process takes easily 18 to 40 months to complete. In a rising market, the prices of properties could easily have risen by 5 to 10% a year, rendering the premium obtained from En Bloc not worth it.

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What does en bloc mean?

If a group of people do something en bloc, they do it all together and at the same time. If a group of people or things are considered en bloc, they are considered as a group, rather than separately.

What is en bloc in medical terms?

(un[h] blok), In a lump; as a whole; used to refer to autopsy techniques in which visceral organs are removed in large blocks allowing the prosector to retain a continuity in organ architecture during the subsequent dissection.

What are en bloc sales?

A collective sale, also known as en bloc, is a sale of two or more property units to a single common purchaser. Generally speaking, an en bloc sale means that owners, in exchange for collectively parting with their property, are each offered a golden handshake, so to speak.

Can HDB be enbloc?

En blocs can happen with HDB flats too. Read this article here to learn more about the Selective En Bloc Redevelopment Scheme (SERS).

How many percent is en bloc?

As of today, it is not precisely 80 percent of residents that have to concur with the sale for a deal to be viable. Instead, it is required that the owners holding a minimum of 80% of the share value and 80 percent of the total strata area concur with the sale.

What is bloc resection?

En bloc resection involves the surgical removal of the entirety of a tumor without violating its capsule, and requires resection of the lesion encased by a continuous margin of healthy tissue.

How is plot ratio calculated in Singapore?

To check the plot ratio of a specific development or land parcel, simply search for the development/area name in the URA Master Plan, and look at the number assigned on the development/land parcel. (Land parcels in more undeveloped or yet-to-be-developed areas do not have assigned plot ratios.)

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What is end block HDB?

SERS is an urban redevelopment strategy, introduced by HDB in 1995 to renew older residential properties, and is basically HDB’s version of the en bloc process. If you are a resident staying in a block that’s lucky enough to be selected for the SERS, you’ll be relocated to a new HDB flat with a new 99-year lease.

What is plot ratio Singapore?

The plot ratio determines the maximum gross floor area (GFA) of any development on that land parcel. This is basically the plot ratio of the parcel of land. The larger the number’s value, the more intensively the land can be used. Meaning to say that a high plot ratio will have more units and more storeys.

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