Briefly, en bloc sale meant the collective sale of all the units within the development to one developer / new owner and all the owners will collectively get a portion of the sale of the whole block or blocks. For many developed property markets, en bloc sale also meant that as long as a certain majority number of owners willing to sell is reached, then sale becomes a certainty.
By the way, this article is only aimed at those who drove into Malaysia to pump our subsidized petrol yeah. I know many Thai or Singapore drivers will pump petrol to full tank in their own country and does not even bother to pump any petrol in Malaysia. Think about it, seriously. With a strong Baht, it meant that oil prices will be cheaper. So, the price of petrol, even if there’s no subsidy will be lower.
Just this quick assumption on the potential for such a city of 42 million people? 42 million x RM1,500 = RM63 billion per month! Yea, this is why many companies set up their base in Jakarta. This is also why any ‘regional’ team in ASEAN must have an office in Jakarta. Else, something is wrong with their strategy team, if they have any. I know, maybe the current population does not yet spend RM1,500 per person per month. Just be reminded that it’s a matter of time.