Anyone knows whats the status of Bayshore Park's enbloc efforts? Any chance of it going through?
Anyone knows whats the status of Bayshore Park's enbloc efforts? Any chance of it going through?
The days for collective sale for huge LH development are over with the new law requiring developer to build and sell all the new units within 5 years. Old LH developments such as BP, LP, LV, and MG in D15/16 can kiss goodbye to any en bloc sale.
Possible en-bloc going forward possibly for the smaller development about $200mil type, not these big mega esp. LH older development.
possible for 2 buyers to come in and "share" the big plot?
of cos that means hving 2 competitors courting buyers for the same location/launch time.
But BP is in a nice locale and the space is huge.
Very risky to buy (and pay a premium) hoping for enbloc. I think if you like the place and wanna buy for own stay, its ok. It has a nice environment.
Originally Posted by Newbie Homebuyer