Loyang Valley En Bloc 2021

This has been a side hustle, 4 months in the making. As we’ve seen over the course of the pandemic, property prices in Singapore kept marching upwards. There was also talk of a renewed en bloc cycle heating up, after analysis of developer plot stash diminishing, and their growing appetite to renew their land banks. With that in mind, I decided to rally a few other residents in the estate to kickstart the En Bloc process for Loyang Valley for 2021.

This started back in December 2020, when I created a groupchat to discuss a potential en bloc run for 2021, and this time, trying to front-run the new cycle that was just starting up. Since the week of Christmas, we’ve then been canvassing for signatories and consensus for a 2021 en bloc run.

After months of hustling and speaking with a lot of residents, both living in Loyang Valley and landlords alike, we managed to get the signatories to request for an EOGM. The Management Committee has also acknowledged the requisition form, and has set the first EOGM for 8 May 2021, for a vote on En Bloc, and the formation of the Collective Sale Committee (CSC), if voted for.

(For non Singaporean readers, land banks in Singapore are typically on a lease hold, mostly for 99 years. An en bloc, or collective sale, happens when residents of an estate or apartment collectively decide to put the entire estate up for sale, providing real estate developers with a huge piece of land with which to re-develop and market.)

About Loyang Valley

Loyang valley is a 99-year leasehold condominium in the east, 10 minutes drive away from Changi Airport. It was completed in 1985 with 362 apartment units in total.

It is a low-rise estate due to its proximity to the airport, but has lush greenery and plenty of spaces a developer can re-invigorate and there’s definitely more space that can be catered for living spaces.

Loyang Valley En Bloc Series

This will be the start of a new series documenting our en bloc attempt and the various milestones associated with an en bloc process. Hopefully this will be a series with a happy ending, and if so, this will probably be the greatest side hustle I’ve ever done.

I’ve also previously mentioned that when I bought my unit in Loyang Valley back in 2016, an en bloc sale was definitely in the back of our minds as a potential exit strategy. We did have an en bloc attempt in 2018, which didn’t get the 80% vote, but I’m cautiously optimistic this time around. (Actually, I’m an eternal optimist, but let’s see, hey?)

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