En Bloc Fever Collective Sales News Singapore2018-12-04T15:34:25+00:00

En Bloc Singapore 2018 Latest News & Record Sales

En Bloc Singapore List 2018/17/16 – Latest News and Sales

Latest En Bloc SOLD

Golden Wall Centre En Bloc SOLD to Worldwide Hotels
Golden Wall Centre
Waterloo Apartments En Bloc Sold to Fragrance Group for S$131.1 million
Waterloo Apartments

Tender Close in December

Tender Close in January 2019

Upcoming Massive En Bloc Launch

En Bloc News & Sales

See En Bloc List For More News

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Top 5 Sale So Far in 2018

  1. Pacific Mansion SOLD $980 million
  2. Tulip Garden SOLD $906.9 million 
  3. Park West SOLD $841 million
  4. Pearl Bank SOLD $728 million
  5. Goodluck Garden SOLD $610 million

Top 5 Sale in 2017

  1. Tampines Court SOLD $970 million
  2. Amber Park SOLD $906 million
  3. Normanton Park SOLD $830.1 million
  4. Eunosville SOLD $766 million
  5. Florence Regency SOLD $629 million

Ex-HUDC – (Last 5)

  1. Chancery Court (SOLD 2018)
  2. Pine Grove
  3. Braddell View
  4. Ivory Heights
  5. Laguna Park
  6. Lakeview

Ex-HUDC SOLD in 2017

Why Must Sell Your Property En Bloc Now

PropNex En Bloc Services

Singapore En Bloc SOLD Properties List

En Bloc Sold in 2018 So Far

Total Sales = S$10.8 Billion (Est)

  1. Pacific Mansion En Bloc SOLD $980 million
  2. Tulip Garden En Bloc SOLD $906.9 million 
  3. Park West En Bloc SOLD $841 million
  4. Pearl Bank En Bloc SOLD $728 million
  5. Goodluck Garden En Bloc SOLD $610 million
  6. Brookvale Park En Bloc SOLD $530 million
  7. Dunearn Gardens En Bloc SOLD $468 million
  8. Chancery Court En Bloc SOLD $401.78 million 
  9. City Towers En Bloc SOLD $401.1 million
  10. Park House En Bloc SOLD $375.5 million 
  11. Cairnhill Mansions En Bloc SOLD $362 million
  12. Katong Park Towers En Bloc SOLD $345 million
  13. Asia Gardens En Bloc SOLD $343 million
  14. Casa Meyfort En Bloc SOLD $319.88 million 
  15. Landmark Tower En Bloc SOLD $286 million
  16. Golden Wall Centre En Bloc SOLD $276.2 million (Latest)
  17. Chinatown Plaza En Bloc SOLD $260 million 
  18. Olina Lodge En Bloc SOLD $230.9 million
  19. The Estoril En Bloc SOLD $223.938 million 
  20. Eunos Mansion En Bloc SOLD $220 million
  21. Hollandia En Bloc SOLD $183.38 million
  22. Makeway View En Bloc SOLD $168 million
  23. Kemaman Point En Bloc SOLD $143.88 million
  24. Waterloo Apartments En Bloc SOLD S$131.1 million
  25. 336 RV En Bloc SOLD $124.10 million
  26. Toho Mansion En Bloc SOLD $120.43 million
  27. Peak Court En Bloc SOLD $118.88 million 
  28. Kismis View En Bloc SOLD $102.75 million
  29. The Wilshire En Bloc SOLD $98.8 million
  30. Villa D’Este En Bloc SOLD $93 million
  31. Balmoral Gardens En Bloc SOLD $83 million 
  32. Pei Fu Industrial En Bloc SOLD $76.25 million 
  33. Cairnhill Heights En Bloc SOLD $72.6 million 
  34. Riviera Point En Bloc SOLD $72 million
  35. Katong Omega En Bloc SOLD $46.31 million
  36.  3 Telok Kurau Bungalows En Bloc SOLD $37.89 million 
  37. Pomex Court En Bloc SOLD $37.6 million 
  38. Phoenix Heights En Bloc SOLD $33.1 million 

En Bloc SOLD in 2017

Total Sales = S$8.7 Billion

  1. Tampines Court En Bloc SOLD $970 million
  2. Amber Park En Bloc SOLD $906 million
  3. Normanton Park En Bloc SOLD $830.1 million
  4. Eunosville En Bloc SOLD $766 million
  5. Florence Regency En Bloc SOLD $629 million
  6. Rio Casa En Bloc SOLD $575 million
  7. Serangoon Ville En Bloc SOLD $499 million
  8. Royalville En Bloc SOLD $477 million
  9. Citimac Industrial Complex En Bloc SOLD $430 million
  10. Vista Park En Bloc SOLD $418 million
  11. Mayfair Gardens En Bloc SOLD $311 million
  12. Sun Rosier En Bloc SOLD $271 million
  13. Changi Garden En Bloc SOLD $248 million
  14. Nanak Mansions En Bloc SOLD $201 Million
  15. Crystal Tower En Bloc SOLD $180 million
  16. Parkway Mansion En Bloc SOLD $146 million
  17. Goh & Goh Building En Bloc SOLD $101.5 million
  18. Tai Wah Building En Bloc SOLD $84 million
  19. How Sun Park En Bloc SOLD $81 million
  20. 11 Balmoral Road En Bloc SOLD $73.8 million
  21. Derby Court En Bloc SOLD $73 million
  22. Casa Contendere En Bloc SOLD $72 million
  23. Jervois Gardens En Bloc SOLD S$72 million
  24. Albracca Condo En Bloc SOLD $69 million
  25. One Tree Hill Garden En Bloc SOLD $65 million
  26. Jervois Green En Bloc SOLD $52 million
  27. Elite Building En Bloc SOLD $52 million
  28. Dunearn Court En Bloc SOLD $36 million

En Bloc SOLD in 2016

Total Sales = S$1 Billion

  1. Shunfu Ville En Bloc Sold S$638 million
  2. Raintree Gardens En Bloc Sold S$334.2 million
  3. Harbour View Gardens En Bloc Sold S$33.25 million

En Bloc Database 2018

En Bloc Sales Database
En Bloc Commercial
En Bloc 2017

En Bloc Sales in Prime Districts

District 9

  1. 336 RV En Bloc SOLD 2018 (Latest)
  2. Park House En Bloc SOLD 2018 (Highest Record)
  3. Pacific Mansion En Bloc SOLD 2018 (Blockbuster Sale)
  4. Cairnhill Heights En Bloc SOLD 2018 
  5. Makeway View En Bloc SOLD 2018 
  6. Cairnhill Mansions En Bloc SOLD 2018
  7. Riviera Point En Bloc SOLD 2018
  8. Tai Wah Building En Bloc SOLD 2017
  9. Cairnhill Astoria En Bloc Sale
  10. Trendale Tower En Bloc Sale
  11. Cavenagh Gardens En Bloc Sale
  12. Leonie Gardens En Bloc Sale
  13. Elizabeth Towers En Bloc Sale
  14. Horizon Towers En Bloc Sale
  15. Casa Sophia En Bloc Sale
  16. St Thomas Ville En Bloc Sale
  17. The Regalia En Bloc Sale
  18. Grange Heights En Bloc Sale

District 11

  1. Chancery Court En Bloc SOLD 2018 (Latest)
  2. Peak Court – En Bloc SOLD 2018 
  3. Dunearn Gardens  En Bloc SOLD 2018
  4. Derby Court En Bloc SOLD 2017
  5. Casa Contendere En Bloc SOLD 2017
  6. Dunearn Court En Bloc SOLD 2017
  7. Gilstead Mansion En Bloc Sale
  8. Goldhill Shopping Centre En Bloc Sale
  9. Minbu Villa En Bloc Sale
  10. Gilstead Court En Bloc Sale
  11. Chancery Esquire En Bloc Sale

District 10

  1. Balmoral Gardens En Bloc SOLD 2018 (Latest)
  2. Villa D’Este En Bloc SOLD 2018
  3. Olina Lodge En Bloc SOLD 2018 
  4. Tulip Garden En Bloc SOLD 2018 (Blockbuster Sale)
  5. The Estoril En Bloc SOLD 2018 
  6. Toho Mansion En Bloc SOLD 2018
  7. Hollandia En Bloc SOLD 2018
  8. The Wilshire En Bloc SOLD 2018
  9. City Towers En Bloc SOLD 2018
  10. Royalville En Bloc SOLD 2017
  11. Crystal Tower En Bloc SOLD 2017
  12. One Tree Hill Garden En Bloc SOLD 2017
  13. Jervois Green En Bloc SOLD 2017
  14. Jervois Garden En Bloc SOLD 2017
  15. 11 Balmoral Road En Bloc SOLD 2017
  16. Ming Arcade En Bloc Sale
  17. Gisborne Light En Bloc Sale 
  18. Sutton Place En Bloc Sale
  19. Pinetree Condo En Bloc Sale
  20. Dalvey Court En Bloc Sale
  21. Spanish Village En Bloc Sale
  22. Holland Tower En Bloc Sale
  23. Fernhill Court En Bloc Sale
  24. Sixth Avenue Centre En Bloc Sale

District 2

  1. Asia Gardens En Bloc SOLD in 2018 
  2. Chinatown Plaza En Bloc SOLD in 2018

En Bloc Record Sale Singapore 2018 & History

En Bloc Singapore 2018 Top 5 Collective Sale

En Bloc Singapore History Top 5 Sale

Why Singapore En Bloc Fever Will Continue in 2018

2018 Opens on a Positive Note for both Property Developers and Sellers as New Housing Units are Sold and New En Bloc Sales Made

Remember the numerous instant millionaires created in Singapore last year, particularly in the last quarter, courtesy of en bloc sales? Well, it looks like there is no end in sight to the property owners’ winning streak. What makes the future so bright?

New Futura Condo New Launch Stunning Sale

Home Buyer willing to spend Big as Seen in New Futura New Launch Sales
  1. Singapore has buyers with high purchasing power

If property developers are able to sell the new units they already have, this is indication there is demand for real estate property, and that there are interested buyers with the requisite purchasing power.

As such, there is room for the developers to bid for more properties offered en bloc, so they can build more housing units to meet the demand. At the same time, developers who were uncertain of the market towards the end of last year will be encouraged.

Activity in the first few weeks of 2018 has shown developers have no difficulty disposing of their new units. For instance, in just a single day – January 18th – when City Developments Limited (CDL) released finally the much awaited high-end New Futura units into the market, the developer managed to sell 18 of them.

And the price per square foot (psf) was impressive, averaging $3,200. Still in January, owners of a 633,644 sq ft site in Clementi have clinched an en bloc sales deal with the Sing Haiyi Group at a cool S$840.9 million. Clearly, the stars are bright for property developers and owners alike.

  1. Some en bloc properties are simply irresistible

Property analysts like Brandon Lee of J P Morgan expect developers’ appetite for real estate property to persist, making it easy for property owners to dispose of their properties. Mr. Lee predicts a 3yr market upswing and sees the rise in the value of property stocks last year by between 30% and 40% as a positive market sign.

Besides, some properties are almost irresistible when put on the enbloc market. For example, as Mr. Terence Lian of Huttons Asia avers, the location of Park West Condo, just next to the country’s 2nd Central Business District, makes it very marketable.

The property is also well served by the high-speed rail, with three MRTs within a 3km range. Not only that, numerous Mega Malls are found around the condo. No wonder Sing Haiyi has offered to buy the property at S$841m.

  1. Fair deals may not last

Developers who are laughing all the way to the bank are mainly those who bought development property before the prices went on a steep rise, and that fact is not lost on stakeholders.

For example, the housing units CDL has just released into the market are built on property that the company bought in 2006 at a paltry S$287.3 million, which resulted in S$1,179 psf.

If the market upswing continues as anticipated, it means soon the average psf will be much higher than it has been in the last few months. Developers may, therefore, wish to nourish their property banks before property rates escalate.

Marketing Agencies Will Take Credit

Whether demand for real estate property increases to the level where developers try to outbid one another in en bloc sales, or whether increased supply of land makes property prices irresistible to developers, marketers will always wish to take credit for the vibrant market.

Still, their role in the property market cannot be overlooked. For instance, CDL has enlisted the services of five marketing agencies just to attract buyers for their units at the New Futura condominium. PropNex Realty, Savills, Huttons, ERA Realty and Orange Tree are all in it.

Obviously, the developer realizes how important it is to sell off the completed units before contemplating buying more property for development. And in line with this, Brandon Lee of J P Morgan reckons some properties, such as One Tree Hill and 8 St. Thomas, may be released earlier than their scheduled time, so that the developers can take advantage of the prevailing property buying momentum.

One thing that is very encouraging is the fact that the first Futura units to go were mainly three and four bedrooms, even when there were two-bedroom units available.

This is evidence that buyers are prepared to spend big. It is also important to note that only a third of the buyers were nationals. The rest of the buyers were foreigners and non-Singaporean permanent residents.

If marketing agencies work enthusiastically, they may excite more foreigners into investing in the real estate market, especially buying new launch condo units as they are released into the market.

Mr. Lee can already foresee CDL making a 35% pre-tax profit from its Futura condominium.

Obviously, as the sale of ready new launch units continues and developers’ property banks shrink, marketers will work both ways – encouraging property owners in marketable areas to sell en bloc, and promoting the properties on offer to developers; always a win-win for marketers.

High Futura Psf Spurs  Developers’ Interest In CCR

The fact that the recent sale of Futura units averaged $3,200 psf has triggered fresh interest in properties within and around the Core Central Region (CCR), which encompasses Districts 9, 10 and 11.

The prices of the Futura units range from $3.8 million to more than $8 million, and the ones on the higher end of the price range sold more on Day One than the rest.

Hence, there is a new realization that buyers are willing to pay for high end properties around this area. This means developers in the area can sell off their housing units fast and make profits relatively faster than in other areas.

Still, the optimism of some developers might lie in the fact that the Futura property is freehold. Such outlook is bound to give freehold properties going en bloc an extra boost.

Foreign Investors are boosting the Market

Evidently, Singapore’s home prices in the last two quarters have been on the rise, and Bloomberg predicts a further rise of 5.5% in 2018. The interest foreigners have shown in acquiring real estate properties in the country has been a big contributing factor.

Nevertheless, the hike in home prices has not damaged the performance of real estate companies. In fact, going by the benchmark provided by the Straits Times Index, City Developments and the UOL Group, both property developers, were among the five leading performers in 2017.

In 2018, the positive involvement of foreigners in the property market is likely to catalyze developers’ demand for land especially within the CCR. And property owners selling en bloc will be laughing all the way to the bank.

Recovery Of The Singapore Real Estate Market Is Indisputable

Those who have witnessed the vibrancy of Singapore’s real estate market from 2017 to 2018 may not know that for the previous 3yrs or so the sector was getting quieter by the day.

This followed government intervention in 2013 when property prices seemed to spiral out of control. The government revised the Additional Buyers’ Stamp Duty (ABSD), in early 2013, and in mid-year it restricted the ability of individuals to take loans.

In the latter case, the law stipulated that a person cannot borrow amounts exceeding 60% of one’s monthly income.

However, beginning 2017, a new wave emerged, with owners of old properties becoming more receptive to the idea of letting go of their cherished possessions. Marketing agencies must have played a big role here.

So, en bloc sales increased and soon ordinary Singaporeans began to join the country’s millionaire’s club.

This enticed other property owners to agree to sell collectively, and this caused a surge in market vibrancy. As a result, the FTSE Straits Times Real Estate Holding and Development Index hiked a good 26.8% in 2017.

Even though developers are still making profits, Mr. Vijay Natarajan, an analyst at RHB Research Institute, says recent market competition has ended up making developers cough hefty sums to acquire property.

His view is that property prices are going to rise even more in 2018, probably between 3% and 7%.

A rise in property prices, definitely, means developers must, of necessity, release their new units at higher prices. Nevertheless, this does not seem to be a problem right now as market signs indicate there are ready buyers for the newly developed properties as priced.

The demand for new housing units, especially the high-end properties, has made developers all the more confident, and they are likely to relentlessly pursue available en bloc properties.

Even professional analysts are satisfied with the continuing en bloc fever. Some like Credit Suisse are confident households are in a position to handle any rise in interest rates that may be caused by increased real estate activity in 2018.

Derrick Heng, an analyst at Maybank Kim Eng Securities, says the recent hike in interest rates is still manageable.

Conclusion

As long as en bloc sites are reasonably priced in good demand areas, and developers are able to see themselves making a reasonable profit, en bloc sales will continue.

However, there are over 30 sites that had no bid above the reserve price for the last 6 months and this will give pause to sellers of en bloc projects to be realistic in their asking prices.

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