We are likely to see more successful residential collective sale deals in 2017. But developers beware the nasty disputes that may arise among owners, argues NUS’ Sing Tien Foo.
SINGAPORE: The residential en bloc market seems to be picking up steam this year.
With the sale of Serangoon Ville along Serangoon North Avenue 1 for S$499 million, the number of en bloc deals completed this year has increased to six, bringing the total value of such deals in 2017 to S$2.0 billion, a huge jump from the S$1.17 billion in 2016 and S$380 million in 2015.