He received an sms - the 80 percentage point of the enbloc project has been reached. Meaning they can go ahead to call for tender to sell the estate enbloc. and just before the one-year expiry date on july 8.
It's been more than 3 years since they started the project. This the second time they embarked on it. The first time was in 2007, when they reached 76 percent and all of a sudden, a new enbloc law came into effect and everything had to come to a halt, because of new clauses in the new law.
now that they have reached the 80%, the next lap will be to hold an owners' meeting and call for tender to sell the estate.
will there be any buyer for an $800-million property?
- cross fingers
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