MANY unit owners or subsidiary proprietors (SPs) who live in private estates are unlikely to be happy at the prospect of ‘the Republic’s next en bloc wave’ envisaged in Monday’s report, ‘En bloc debate, HK style’.
The report compared legislation in Singapore and Hong Kong. Those in Singapore who are likely to be affected cannot but feel that Hong Kong adopts a more empathetic approach to the concept that an individual’s home is his castle, with the right to undisturbed residence.
Sadly, where condominiums in Singapore are concerned, such comfort is replaced with the insecurity that a group of self-interested SPs can, and often do, band together in an attempt to sell the estate collectively – the main carrot dangled almost always being the prospect of a higher-than-market price for their unit.
As I recall, new rules governinig collective property sales were introduced from October 2007. After barely a few months, it was reported that the Continue reading
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