25 Apr '18, 1am

En-bloc madness: Surprising Facts Behind 5 Massive En-blocs in Singapore

En Blocs are either windfall or tragedy for Singaporeans, and in recent days, massive amounts of money both local and foreign have been poured into en bloc purchases all over Singapore. We’ve already counted 17 en bloc purchases in 2018 alone, but what’s really striking is how this heady mix of money and relationships have conspired to change the lives of ordinary people in big ways. Pacific Mansion Pacific Mansions At $980 million, the Pacific Mansion en bloc is one of Singapore’s largest en bloc deals in the market. Homeowners at Pacific Mansion will walk away with $3.26 to $3.48 million, and while most are happy, some of the newer owners will need to fork out an extra Seller’s stamp duty due to the fact that they haven’t been holding the unit long enough before it was sold in the en bloc action. Here’s the most interesting fact of the whole deal though: Both key men in ...

Full article: https://www.iproperty.com.sg/news/en-bloc-madness-surpris...

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