EnBloc/Collective Sales In 2023

 
  • VILLA DES FLORES =>VILLA Des Flores at 125 Whitley Road is up for collective sale via public tender with a guide price of S$180 million which tender will close on Jan 16, 2024, at 3 pm.
  • High Street Centre=>HIGH Street Centre at 1 North Bridge Road was relaunched for collective sale for the second time via a public tender at a S$748 million reserve price.
  • NOEL BUILDING -> A FREEHOLD property at 50 Playfair Road within Tai Seng Industrial Estate has been sold for S$81.18 million which is 17% premium above the guide price of $70 million indicated by marketing agency Edmund Tie & Co.
  • 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 which tender closed on November 29 without any bids.
  • 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).

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Possible revival of EnBloc market in 2022 as developers look to replenish land banks.

EnBloc/Collective sales market has been revived in 2022 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 SiappaV2.

Click Here for Caveat data for Due Diligence Check.
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