01 Feb '18, 3am

Older condominiums make fresh attempts at collective sale

If there were any questions about collective sales quietening down this year, the slew of condominiums lining up to make new or renewed bids at the process in January alone would have put that to rest. Larger condominiums over 1 million sq ft also trying their hand at en bloc While smaller condominiums may find it easier to get the en bloc process started, the draw of the market momentum seems too strong to resist and even some larger developments are trying their hand at the process. These mega sites or so called because of their large land area, are often close to 1 million sq ft in size. If is often more difficult for these larger sites to find buyers due to their higher reserve prices and other legalities. The process of getting the required percentage of approval from the residents alone is a mega task in itself. Braddell View The 1.1 million sq ft Braddell View was a...

Full article: https://www.iproperty.com.sg/news/older-condominiums-make...

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