If you're thinking of taking out a term loan to purchase a property now whilst waiting for your enbloc money to be deposited into your account 6 - 9 -12 months down the line - well, think again. The Banks are saying NO to this one. Please read the following article here
Just think of it this way: before any rules are made to change the en bloc act and make such process more difficult in future, its better to sell now then later. One cannot compare TC with Pine Grove and Farrer Ct. One should compare TC with Waterfront and Minton Rise.
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