It has been a while since my en bloc development updates! So here’s a quick one. The Collective Sale Committee (CSC) team has been quietly working hard on the ground, and together with marketing agent representatives, worked out a very favourable Reserve Price (the floor price at which the entire estate will be put up for sale), and we will be having the 2nd EOGM on Saturday, 6 November, to vote on the reserve price.
Along with a boosted price from the previous attempt back in 2018, we also seem to have a more cohesive CSC team, as well as more positive feedback coming from the residents I’ve been speaking with, as well as looking at sentiment on the resident group chat.
I’m cautiously optimistic about the outcome of the EOGM on Saturday, as well as the various signing sessions planned for the following days after the EOGM.
If you’re new here, and want to follow the entire saga, you can start here.
En Bloc Fever 2021
We have seen several estates go for en bloc over the recent months.
- La Ville at Tanjong Rhu attempts collective sale again at S$148m reserve price
- UOL and Singapore Land jointly purchase Watten Estate Condominium en bloc for $550.8 mil
- High Point mounts $550 mil collective sale
I absolutely believe now is the right time for Loyang Valley to mount an en bloc, especially with various development efforts happening in the area, with an MRT Station being built right outside our estate over the next ten years.
FI/RE Plan
If successful, this en bloc will also go a long way in adding to our coffers and fast tracking our FIRE plan.
Well, the EOGM is happening in a few days, so.. I will be looking to add an update to this post, probably in the next week!