29 Jun '17, 2am

Frenzy in en bloc market unlikely to ensue, experts

Despite the pick up in activity within the residential en bloc market, with four collective transactions done so far from last year’s three, property experts believe conditions will not return to the peak of 2007, when immigration and global economic growth fuelled the hike in real estate prices, reported Today Online. According to them, the property market was “relatively quiet” during the last three to four years, making them a low base of comparison. And although the number of units sold via collective sales during the first half of 2017 were the highest since 2011, they are still less than half than what was transacted then. Data compiled by Cushman and Wakefield Singapore research head Christine Li showed that 650 en bloc units were sold at a total value of S$1.521 billion in January to June, up from the 582 units sold at a total value of S$1.158 billion for the whole...

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

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