En bloc fever is upon the Singapore non-landed residential condominium/apartment market again.
Looking for a development with en-bloc potential? Have a fear of missing out?
Going by how land prices have moved in the past, and how developers have bidded, the potential for more en-blocs remains strong.
This en-bloc cycle isn’t the first, the last time the en-bloc fever hit the property market was in the period 2005-2007.
At that point of time, 12,710 en-bloc units were sold with a total value of S$22.3 billion, according to Ms Christine Li, Head of Research at Cushman & Wakefield.
As of writing of this post, Business Times reports that “there were 27 collective sales of residential redevelopment sites and three involving commercial or industrial redevelopment sites in 2017, bringing the total collective sales value to S$8.7 billion. This was a stark jump from 2016, when there were only three residential sites sold collectively for …