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Posted by on in Residential

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Sellers reap windfalls from collective sales, govt coffers get a boost and property market gets a pick-me-up, but some face hefty taxes


The latest collective sale fever has turned several thousand home owners into instant millionaires - but some others have seen their pot of gold disappear because they sold their units too early.

The allure is there for many, as collective sales allow private home owners to exit ageing properties at a premium that is often much higher than what could be gained through the resale market.

Sellers, of course, are not the only ones standing to gain from the collective sale mania: Developers can be rewarded handsomely if new developments from en bloc sales fetch a good price when they come into the market.

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