Dear Sir/Madam,

I am a student from the National University of Singapore, currently working on a

dissertation topic that studies the key motivations that inhibits or encourage
homeowners to sell their units collectively. In addition, it seeks to examine how
homeowners’/ sellers’ forge their reservation prices in collective sales.
Reservation prices reflect the minimum compensation price one expects to
garner for the sale of their property in a collective sale. Please be assured that
information is kept confidential and is solely for academic purpose. Your kind
assistance is greatly appreciated. Thank You!

Survey Questions

Name of your development: _________________________________________

1) Are you:

An owner-occupier

Holding the property as form of investment

2) Do you own any other private properties?

Yes

No

3) When did you purchase the property?

1960-1980

1980 – 1990

1990 -1996

1997-2000

2000-2007

1) Are you for or against en-bloc?

For (Question 2 next)

Against (Question 3 next)

 2) Rank your reasons for supporting en-bloc? ( 1 being the most important, 8
being the least important)

It is time to move (building is deteriorating)

The price is attractive

I need the cash

I have the intention to move regardless of collective sale

Don’t want to miss out on this opportunity for financial gains

Everyone is supporting this

Others (Pls State):____________________________________________

3) Rank your reasons against en-bloc? ( 1 being the most important, 10 being
the least important)

Replacements are too costly

4) Social and sentimental attachments

5) I like the current location

I l I like my unit (For the design, view, size etc)

N Not satisfied with the compensation quoted by developer / agent

I I would incur a financial loss

Unfair apportionment of proceeds

Minority dissent is strong

Considerations in forging reservation prices

Strongly Neutral Strongly

Agree Disagre
e
1. I am updated with news on 1 2 3 4 5
the en-bloc market
2. I am informed about the 1 2 3 4 5
Singapore property market
3. I am aware of the en-bloc 1 2 3 4 5
guidelines and duration of
the en-bloc process

4. I am a regular attendant at 1 2 3 4 5
en-bloc meetings in my
estate

5. I openly consult my 1 2 3 4 5
neighbours on en-bloc
matters as I trust them

6. I am influenced by 1 2 3 4 5
neighbours and friends to
sell my unit en-bloc

7. I consult expert opinion on 1 2 3 4 5

the reservation price I
should ask

8. Prices of landmark en-bloc 1 2 3 4 5

deals are good references
for the formation of my
reservation price
9. My reservation price must 1 2 3 4 5
be similar to neighbouring
developments that have
gone en-bloc as it is only
fair
10.The loss of my home, 1 2 3 4 5
community and friends is a
major consideration in
forging my reservation price

11.My reservation price takes 1 2 3 4 5

into account increase/
decrease in property values
in 3 years time
12.My reservation price takes 1 2 3 4 5
into account increase/
decrease in property values
in 8 years time
13.My reservation price is 1 2 3 4 5
forged based on the
replacement cost of my unit
in the current market
14.If my reservation price is not 1 2 3 4 5
met, I will just stay on

15.My reservation price is 1 2 3 4 5

benchmarked from past en-
bloc transaction prices
16.I use current news and 1 2 3 4 5
information of the en-bloc
market to forge reservation
price
17.My reservation price is 1 2 3 4 5
benchmarked from current
en-bloc transaction prices
18.I am willing to settle for less 1 2 3 4 5
so long as the en-bloc sale
is concluded
19.My reservation price is 1 2 3 4 5
benchmarked from the open
market value of my unit

20.My reservation price takes 1 2 3 4 5

into account the legal and
finance fees incurred in the
en-bloc process
21.My reservation price is 1 2 3 4 5
benchmarked from my
neighbour’s reservation
price
22.There are many properties 1 2 3 4 5
seeking en-bloc, I should set
a lower reservation price for
higher success rate
23.I can set higher reservation 1 2 3 4 5
prices as demand for en-
bloc sites is strong

24.I will set a lower reservation 1 2 3 4 5

price as this is our
development’s third attempt
at en-bloc
25.I must be compensated with 1 2 3 4 5
a price that is similar to my
neighbours’ as it is only fair

26.I set high reservation prices 1 2 3 4 5

so that I will be
compensated for the loss of
a dwelling with a good
location and view etc
27.My reservation prices are 1 2 3 4 5
benchmarked from the
rental returns my unit
commands
Demographic Profile

1) Gender:

Male

Female

2) Age:

20-30 years

30-40 years

40-50 years

50 years and above

3) Household Income (Annual):

Below $12000

$12000 - $60000

$60000 - $ 120000

$120000- $2400000

$2400000 and above

4) Highest Educational Level:

Primary

Secondary

College/University and above

5) Household Size:
1-2

3-4

5 and above