Talk of en bloc fever flaring up again next year
Source: https://www.straitstimes.com/business/talk-of-en-bloc-fever-flaring-up-again-next-year
Speculation is rife that the collective sale market could kick off again next year due to the continued drop in unsold inventory and a conservative slate of sites on the Government Land Sales (GLS) programme.
With the current unsold unit at less than 22,000 units, developers will again seek to look for en bloc of old apartments including those previously unsuccessful collective sales.
As such, this will propel the future selling prices of many new launches which is also one of the reasons why home buyers and savvy investors are actively snapping up available choice units in the property market.
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