An anti-en blocker is a person or a group in a property who oppose the en bloc sale being initiated by the Collective Sale Committee.
There are many debates to a collective sale. Often an old building poses some real maintenance issues that can run up to hundreds of thousands of dollars and pro en blocker will prefer to sell and make a profit instead of spending so much money maintaining their estate. And for many, is good retirement money.
However, the anti-blockers has many sweet memories with an old place; for some, it could be their first marital home, for others, they grew up there and for many who just bought and move in, the convenience of schools for children and the space that comes with it is becoming hard to find and very precious.
For these reasons, they become the “victims of en bloc sale”. Having found their dream home, and being forced to sell their properties through collective sale and even have to pay the seller’s stamp duty are simply too much to bear.
Many anti-en blockers found themselves helpless when 80% owners consented the sale living in the same project and they have to endure much stress and distress during the whole process.
If a buyer is found and sold en bloc, they have to relocate even without their consent.
So the debate continues…..