THE National House Buyers Association (HBA) advises against en bloc sale of units in strata properties.
Its secretary-general Datuk Chang Kim Loong said that while the move would benefit the majority of residents who agreed to any redevelopment, it would be unfair to the minority.
“Forcing people to sell their units is not right, ” he stressed.
En bloc sale is where strata property owners collectively agree to sell units in their building to one buyer.
In April 2019, The Star reported then Federal Territories minister Khalid Abdul Samad stating in Parliament that the government would be putting forward a new piece of legislation to ensure an effective and implementable urban renewal process, which at the same time would bring more clarity to en bloc sale.