I don't think you can ever actually own an apartment as you can never own the external walls as they are shared among all the apartment owners in a block. We had a 1000 year lease on ours which is now down to 996 and the clock is ticking!
But it is an interesting question, if a block is demolished in a development of several blocks, is it the "owners" or the management company that get compensated?
My question was more that if block A which has 12 apartments is demolished is it just the 12 owners that get the money or all 80 members of the management company?
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