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En Bloc Potential

ENBLOC Singapore – 78 Condos with en bloc potential, 80% vote, sales tender launched

The following is the list of 78 condos in Singapore that launched their collective sale tenders in 2017-2020 (after successfully getting more than 80% en bloc vote from the subsidiary proprietor owners).    However, their tenders were not successful in that cycle, because most of them were derailed by the Singapore government’s sudden July 2018 cooling measures as well as the Covid-19 coronavirus pandemic in 2020.  Nevertheless, these condos have demonstrated en bloc potential.

As compared with other “aspiring” condos that could – not – even get 80% vote or where no marketing agent was even willing to take up the job, these 78 condos in Singapore may thus have renewed en bloc potential in the next en bloc sales cycle.

En Bloc News
For the latest en bloc happenings, click here for MY DAILY JOURNAL.  Below is a recent posting.

11 July 2021 – As reported in the Straits Times, the en bloc fever may be making a cautious comeback this year.   For example, Maxwell House was recently sold – above the owners’ asking price – to a Chip Eng Seng & SingHaiyi consortium, who intends to redevelop it into a mixed development of commercial and residential units.   Seems that exciting times may lie ahead later this year …..

District 2

District 8

District 9

District 10

District 11

District 12

District 14

District 15

District 16

District 18

District 19

District 20

District 21

District 22

District 23

EN BLOC POTENTIAL (COMMERCIAL)

The following commercial developments in Singapore officially launched their collective sale tenders in 2017-2019, but were not successful in getting buyers.   They may thus have renewed enbloc potential in the next en bloc sales cycle.


EN BLOC POTENTIAL – TOO?

During the 2017-2019 cycle, the following popular developments in Singapore FAILED to get the minimum 80% vote in order to start the collective sale exercise, but will they be more successful during the next en bloc sales cycle ???

COMPLETED EN BLOC SALES > $750M

The record for the largest collective sale in Singapore history is still held by Farrer Court which was sold for $1.34 billion in 2007.   Farrer Court is now D’Leedon.   The following are the largest successful enbloc sales in Singapore during the 2017-2019 period, with Pacific Mansion leading the pack at $980m.   For aspiring mega-sites like Braddell View ($2.08b reserve price), Pine Grove ($1.86b) and Laguna Park ($1.48b), the jury is still out on whether developers will really bite during the next en bloc sales cycle.

 

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    Mike Tan  |  CEA Regn R059706Z  |  98280030

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