There is also a clear need for more land, given the demand for homes over the last few years.
The question arises: Why aren’t developers or condo owners actively pursuing new opportunities? We examine several reasons for this trend and discuss their potential long-term implications.
The Expected En-bloc Rush
An en-bloc fever is expected to be a cyclical event. This is because developers now have a five-year deadline, to complete and sell any properties (see below).
At the end of each five-year deadline, developers have normally depleted their land banks. They’ll need more land to build, and relying on GLS sites alone can be insufficient (as it depends on how much land...
