4 ms·
There are occasions where “en bloc” development happens where current owners get bought out. Or leases are extended for a payment from homeowners. But the gov
by refurb 3y ago
There are occasions where “en bloc” development happens where current owners get bought out. Or leases are extended for a payment from homeowners.
But the government has come out and said “those will be the rare exceptions”.
There were some 40 year lease homes that expired recently and the government took them over and tore them down with no compensation to the owners.