Property
What You Need To Know About En-bloc Sales In 2021
By Stacked Homes  •  January 20, 2021
For those who remember the en-bloc fever of 2016/17, the current Singapore property market may look a little depressing. Back then, a certain Stirling Road plot (today Stirling Residences) made history by selling for $1 billion; and Shunfu Ville (today JadeScape) raked in an impressive $638 million. Ever since however, a combination of cooling measures and rising development charges have put out the fire. That’s why it’s surprising that – in these Covid-19 days – that en-bloc movements may be seeing a revival. And while we don’t think it will be as overheated as 2017, it might be a relief to owners of older condos who have been waiting. Here’s what you need to know about en-bloc sales in 2021: Notable changes to the en-bloc scene 
  • Limited supply of land in limited places
  • Most developments from the last en-bloc cycle are finished and sold
  • There’s growing developer confidence despite Covid-19
  • New rules on proxy votes can make a big difference
...
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By Stacked Homes
The Stacked Homes editorial began in February 2017 to provide the latest news and analysis on property in Singapore.
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