19 Oct '17, 7am

Foreign developers throwing lines into Singapore's en bloc pond

Foreign developers throwing lines into Singapore's en bloc pond

FOREIGN developers - those from China in particular - sense there's a killing to be made from Singapore's feverish en bloc market. Amid limited options under the government land sales (GLS) programme, a few have plunged headlong into the game while several others are sussing out information on available en bloc sites and learning how the process works. It may only be a matter of time before more will emerge with en bloc trophies in hand, market watchers say. Before 2016, there were more sites under the GLS programme than in the en bloc market, so developers hardly considered en bloc sites back then, JLL regional director of investments Tan Hong Boon observed. And with more attractive en bloc sites becoming available vis-a-vis the limited GLS sites, naturally more developers are exploring the en bloc option. Increased enquiries also come from foreign players trying to under...

Full article: https://www.srx.com.sg/singapore-property-news/41862/fore...

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