Case Study - 3 condos that went enbloc
1. Serangoon Ville Enbloc
Former HUDC estate Serangoon Ville was sold en bloc for $499 million to a Oxley Holdings-led consortium in July 2017. The consortium also has to pay $195 million in estimated charges to top up the lease to 99 years and intensify the land use. The additional charges and purchase price work out to a land rate of $835 per sq ft per plot ratio. Serangoon Ville comprises 244 apartments and maisonettes across seven blocks, with sizes ranging from 1,625 sq ft to 1,733 sq ft. Each owner will receive about $2 million from the sale.

