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EnBloc/Collective Sales In 2021

 
  • PINE GROVE->Pine Grove in Holland Road, one of the largest residential in Singapore, has managed to launch a collective sale with a guide price of S$1.95 billion.
  • ISLAND VIEW => PropNex Realty, Singapore’s largest real estate agency has announced that a freehold development, Island View in Jalan Mat Jambol in Pasir Panjang will be put up for collective sale via tender on 19 September 2023 at a reserve price of $575 million (excluding land betterment charge).
  • KATONG SHOPPING CENTRE->The collective sale tender for freehold Katong Shopping Centre, Singapore’s first air-conditioned mall which relaunched price at S$638 million closed on August 14 without any bids.
  • Lakeside Tower=> \The relaunched collective sale tender for Lakeside Towers at Yuan Ching Road closed on August 10 without any bids.
  • Kingsley Mansion -> Kingsley Mansion, a freehold residential site at 27 Boon Teck Road, off Balestier Road in District 12, is up for collective sale by public tender with a guide price of $52 million closed with no bids.

$8.99 B

9 Projects Sold

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3 Projects

In Collective Sale

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12 Projects

On-Going & Upcoming Launch

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38 Projects

Unsuccessful but may retry

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50 Projects

Pre Emptive Strike
(Highly likely to Enbloc)

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Possible revival of en bloc market in 2021 as developers look to replenish land banks.

EnBoc/Collective sales market has been revived in 2021 as Developers are looking at private residential properties to satisfy their growing interest in land acquisition.

EnBloc buzz is back but some projects have cut asking prices. Reasons include higher construction costs, challenging environment in current cycle and decaying lease for 99-year leasehold properties.

Amicus Data Science team will help you in reaching out to EnBloc Owners through WhereNext.

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