28 Nov '16, 4am

More projects to go en bloc in 2017 - PropertyGuru Singapore

Raintree Gardens was one of the successful en bloc properties this year. Market watchers expect more residential properties to go en bloc in 2017, following the success of three collective sales this year, reported The Business Times . “Next year, I expect more — and a wider range of — offerings in the market, mainly of small- and medium-sized en blocs, which should find takers among developers who are keen to have a new project to work on, as long as they are realistically priced,” said JLL International Director and Head of Residential Karamjit Singh. Notably, Raintree Gardens in Potong Pasir was acquired by a joint venture (JV) between UOL Group and United Industrial Corporation in October for S$334.2 million, Harbour View Gardens in Pasir Panjang was purchased by Roxy-Pacific Holdings in August for S$33.25 million, and Chinese developer Qingjian Realty bought Shunfu Vi...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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