Posts

An informative essay on the problems and implications of En Bloc in Singapore

Published:23rd March, 2015 Last Edited:20th April, 2017 Abstract Due to the increasing demands and the needs to cater to the future population, the Urban Redevelopment Authority of Singapore released development guide plans, which encourage redevelopment of existing land. Despite the fact that the utmost motive for En Bloc is to increase land value and to maximize land use, the sale of En Bloc has come to a point that the public has raise concerns over the problems and implications that has occurred. This paper will show clearly what are the problems and implications of en bloc and on the discussion of whether the government intervention is another solution to the problems of the en bloc. The authors' main objective is to list out the main problems that has arisen with the rising trend of En Bloc. Table of Contents Abstract 2 Acknowledgement 3 Table of Contents 4 Chapter 1.0 Introduction 5 1.1 Background 5 1.2 Objectives 6 1.3 Scope of study 6 1.5 Sources of research 7 1.6 Definit…

Sim Lian clinches Tampines Court enbloc for S$970m

Wednesday, August 23, 2017 - 12:48
ANGELA TANangelat@sph.com.sg

At S$970 million, the offer worked out to around S$676 per square foot of potential gross floor area, inclusive of two payments to the state. PHOTO: ST FILE
SIM Lian Development has clinched the enbloc sale of Tampines Court at S$970 million, Huttons Asia, the marketing agent for the privatised HUDC (Housing and Urban Development Company) estate, said on Wednesday.

"After one week of rigorous negotiations, we've reached a satisfactory resolution on the conditions to the sale of Tampines Court. The deal has been concluded at $970 million and sold to Sim Lian,'' Terence Lian, Senior Division Director and Head of Investment Sales at Huttons Asia, said.

Mr Lian told The Business Times last week that the S$970 million bid had conditions attached. At S$970 million, the offer worked out to around S$676 per square foot of potential gross floor area, inclusive of two payments to the state. One is a differential premium…