En Bloc Fever Collective Sales News Singapore2019-09-09T13:40:22+08:00
En Bloc Fever Singapore 2019 - Another Successful Year

En Bloc Singapore List 2019/18/17/16 – Latest News and Sales

Singapore En Bloc Tender Close in September 2019

Tender Close in October 2019

  1. Watten Estate

August Happy News

  1. City Towers En Bloc Sale Completed
    – (Nightmares its Over!)

Upcoming Massive En Bloc Launch

Commercial En Bloc SOLD List

  1. Realty Centre En Bloc SOLD in 2019 (Latest)
  2. Selegie Centre En Bloc SOLD in 2019
  3. Century Warehouse En Bloc SOLD in 2018
  4. Golden Wall Centre En Bloc SOLD in 2018
  5. Waterloo Apartments En Bloc SOLD in 2018
  6. 336 RV En Bloc SOLD in 2018
  7. Chinatown Plaza En Bloc SOLD in 2018
  8. Pei Fu Industrial En Bloc SOLD in 2018
  9. Citimac Industrial Complex En Bloc SOLD in 2017
  10. Goh & Goh Building En Bloc SOLD in 2017
  11. Elite Building En Bloc SOLD in 2017
  12. Tai Wah Building En Bloc SOLD in 2017

En Bloc News & Sales

See En Bloc List For More News

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Singapore Hottest En Bloc Zone – Prime District 7

Developers New Hunting Ground

  • Commercial Investments Getting More Lucrative
  • Tourists Contribute Singapore En Bloc Success
  • Tourists Arrive in “Crazy Numbers”
  • More Hotels Need to be Build
  • More Sites Need to Convert into “Hotel Use”
  • Prime District 7 – a HOT Tourists Zone
  • More En Bloc Sites Will be Launch & SOLD

En Bloc Singapore 2018 Summary Report

At the beginning of the year, the market might remember gazing on En Bloc Singapore 2018 with starry eyes. With a flourishing economy, another stellar year was predicted for En Bloc market following the boom in 2017. And, it did live out the expectations until first-half of 2018.

With 38 properties sold at S$10.8 billion until the last week of December, the En Bloc Singapore 2018 should clearly have been one of the most successful years. This figure surpasses the previous year’s total of 28 properties sold at S$8.7 Billion.

But as things are looking good, the July 6 new cooling measures by URA marked the dividing point of En Bloc Singapore 2018 history into two.

The hot En Bloc market was dampened to become a drastically cold one after July 6. Out of the 38 total sales that happened in 2018, only three were done, after the July 6 measures came into effect.

Had it not been for the unprecedented July 6 measures, En Bloc Singapore 2018 would have effortlessly surpassed the highest recorded so far – the S$11.51 billion sale in 2007.

Nevertheless, the over-speeding in first 6 months of 2018 caused authorities to apply brakes, to avoid an inevitable pitfall, which the market thankfully acknowledges.

Summary from Jan to Dec

Park West Condo Jan 2018 Blockbuster En Bloc Sale
Enbloc Top Sale 2018 Pacific Mansion
Park House En Bloc Sale Highest Record S$2,910 psf ppr

2018 Blockbuster Sales of the Year

In January 2018 saw the blockbuster sale of Park West, Jalan Lempeng at S$840.9 million.

It had a Crème de la Crème appeal for every Investor, Developer and Homebuyer. At attractive price of S$788 psf ppr, it attracted every buyer to bid for this enbloc site .

With lifestyle amenities in place and the likelihood to be upgraded into second CBD in the near future, it has become the sweet pot of dreaming homebuyers.

The SingHaiyi Group won the prized possession.

The next blockbuster hit the market in March 2018 with the acquisition of  Pacific Mansion at S$980 million by the joint collaboration of Guocoland, Singapore and Hong Leong, Malaysia.

The determination to acquire this property was evident from the S$42 million higher than asking price bid quoted by the duo.

This deal at S$980 million, brokered by CBRE and ranks No.1 (Top Sale) in En Bloc Singapore 2018, though it is quite far behind the S$1.34 billion record set by Farrer Court in 2007.

Yet another milestone that shocked the market is the Park House deal achieving the highest psf ppr at S$2,910.

This coveted Orchard Boulevard property, acquired by Sun Tak Holdings at S$ 375.5 million was again brokered by CBRE.

Beating the earlier record S$2,526 psf ppr set by Hampton Court in 2013, the owners received S$ 6.1 million to S$ 8.1 million from the proceeds of the 50-year old condominium.

It had a high bidding turnout with as much as 20 developers from Singapore, Malaysia, Indonesia, Hong Kong and China making a visit to the site for inspection.

En Bloc Sales Singapore Enter Winter Season

Residential En Bloc Sales Now enter “Winter Season”

By Q1-2018, 15 En Bloc transactions were completed successfully and Q2-2018 saw another 20 added to the plate. With heavy activity and steady prices, senior market watchers rightly began to sense that H2-2018 might become slower.

This bitter reality combined with the new cooling measures on residential properties sent the En Bloc Singapore 2018 to hibernation.

Out of caution, bidders for residential developments vanished out of sight. Therefore, over 60 En Bloc sites are unable to find buyers yet.

Some property experts do feel that the En Bloc residential sales would have continued to flourish for another three years, had the authorities left it unchecked.

Though, it appears that the market has reached a standstill, it actually is undergoing a stability period, according to many expert opinions.

So, the owners of these residential properties gear up with revised prices and new strategies for the relaunch, as the focus of En Bloc market turns to mixed developments, shophouses and hospitality investments, in the meanwhile.

ABSD New Rates 2018 New Property Cooling Measures

July New Cooling Measures & New URA Guidelines

The entire market was taken aback by the sudden new cooling measures of the Government. However, that is seen as a necessary step to avoid a huge plunge in the country’s economy.

New Additional Buyer’s Stamp Duty (ABSD) Rates

Before the cooling measures, the natives were required to pay nothing as ABSD for their first residential property, 7% for the second property and 10% for all subsequent purchases.

After the cooling measures, they are still required to pay nothing for the first property, but 12% for the second property and 15% for all subsequent properties purchased.

The Permanent Residents (PRs) on the other hand, were required to pay 5%  for their first property and 10% for their subsequent purchases.

After the cooling measures, they are required to pay the same 5% for their first property, but 15% for the subsequent purchases.

For foreign homebuyers, it increased from 15% to 20% and for entities, it increased from 15% to 25%.

The Developers, on the other hand, incurred an additional 5% ABSD apart from the 25% refundable deposit.

Loan-To-Value Limit (LTV Limit)

Unlike ABSD, the LTV Limit, which applies common to all buyers, fell from 80% to 75% for the first-time buyers. For their second purchase, the previous 50% limit fell to 45%. While for the third purchase, it fell from 40% to 35%.

These limits are still lower for loans periods up to 30 years. It is also lower for purchasers turn 65 years during the loan period.

Both the revised ABSD and LTV Limit contributed to the dampening of the once hot En Bloc market.

However, Agents, Developers, Investors and Owners are still working out different strategies for the success of En Bloc sales.

Such initiatives include Marketing Agents requesting URA for change of use, Owners lowering asking price etc.

Several En Bloc sites have especially applied for change of use to Serviced Apartments, to keep in line with the consistently growing hospitality industry, enabling the success of En Bloc in the process.

High Jump Hurdles

Next to the long jump cooling measures, URA has issued fresh guidelines on the maximum number of dwelling units (DUs) for non-landed residential developments.

These new guidelines would come into effect from 17th January 2019, after about seven years of the previous circular. These are some additional high jump hurdles that the developers would need to overcome in the coming days.

Firstly, the maximum number of dwelling units (DUs) has been reduced. The new formula GFA/85 sqm has been introduced for determining the number of units.

Due to this, around 18% less units are likely to be built by the developers in the redevelopments outside Core Central Region (CCR).

These maximum number of DUs is further reduced to GFA/100 sqm for nine areas namely – Telok Kurau-Jalan Eunos, Marine Parade, Stevens-Chancery, Joo Chiat-Mountbatten, Balestier, West side-Pasir Panjang, East-side Kovan-How Sun, Shelford and Loyang.

The other guidelines include the first of a kind bonus 1% GFA for indoor entertainments and introduction of 1.5 meters minimum width for balconies.

These are in line with URA’s vision to encourage multigenerational living, to ensure standard livelihood and to reduce the strain on the existing infrastructure.

While the Homebuyers stand to benefit from these measures, the En Bloc Owners, Investors and Developers would need to bear the brunt of this exercise.

Bukit Panjang Phoenix Heights Condo Sold En Bloc for S$33.1 million
The “Lucky Star” of 2018. Phoenix Heights – The Only Residential En Bloc Site Sold After July New Cooling Measures

Never Say Die

In spite of growing restrictions, like the mythical phoenix bird symbolizing fresh beginnings and resurrection from death, the sale of Phoenix Heights in August 2018 revived the seemingly dead En Bloc Singapore 2018, within a month of the cooling measure.

This 99-year leasehold property at Bukit Panjang was acquired by USB Holdings at S$33.1 million.

Then, after a period of deafening silence in September and October, thanks to the sale of two other institutional-grade properties, the Golden Wall Centre  and the Waterloo Apartments in November 2018.

The selling prices of these two properties, acquired for hotel development were clearly above their asking prices. This indicates the newly establishing trend, towards investing on the country’s No.1 tourism and hospitality industry.

Surpassing the asking price of S$260 million, Golden Wall Centre was acquired by City View Holdings, a wholly owned subsidiary of Worldwide Hotels for S$ 276.2 million.

Similarly, Waterloo Apartments was acquired by Fragrance Group for S$131.1 million as against their asking price of S$115 million. The 2 enbloc deals were successfully orchestrated by Marketing Agents Edmund Tie & Co and Cushman & Wakefield respectively.

These two En Bloc acquisitions by Hotel Operators follow the establishment of Andaz Boutique Hotel of Hyatt Group in the Duo complex, Ophir-Rochor District.

Both business and leisure travelers from around the world are expected at Andaz Hotels, which provide unconventional hospitality services in comfort and style.

The sale of these three properties namely – Phoenix Heights, Golden Wall Centre & Waterloo Apartments after the July cooling measures is a clear indication that revival has begun.

Cycles repeat and, in each repetition, things move forward progressively, according to the law of revival.

These transactions underline the never die spirit of En Bloc Singapore 2018. With undeterred new launches and revived re-launches, the positivity is expected to spread more and more braving the new curbs.

Jade Scape Condo Review Former Shunfu Ville En Bloc Site
Jade Scape
The Tre Ver

En Bloc Redevelopments

Having cleared up the pending formalities, several Developers have launched their new projects this year, in the En Bloc sites acquired by them.

The first ever En Bloc of the season, the 358-unit Shunfu Ville purchased at psf ppr S$747 has been replaced by the 1206-units JadeScape.

This redevelopment at District 20 was unveiled in September 2018 with a wide mix of size from 527 sf single bedroom units to 4198 sf penthouse units, at an average S$1,700 psf.

With TOP yet to be announced, it stands as the country’s first fully-smart residential development that would be installed with intelligent monitors.

The 175-unit Raintree Gardens acquired at psf ppr S$797 is being redeveloped as the 729-units, The Tre Ver.

With renowned Architect WOHA in the crew, more than 140-units were sold out in the first three hours of its launch in August 2018, prompting the developers to unveil the second-phase also immediately.

With an average launch price at S$1,491 psf, the Developer UOL is very happy with the overwhelming response. This project also offers a mix of units ranging from the compact 482 sf single bedrooms to the generous 1,376 sf four-bedrooms.

The 330 Eunosville owners are the most fortunate with MCL Land making an offer S$100 million above their asking price.

Currently being launched as 1,399-units Parc Esta, it has a WIP price range between S$698,000 (420 sf) to S$2,218,000 (1604 sf). While designing the floor plans, the Developer has been keen to provide elegant living rooms to entertain guests and elaborate facilities for multi-generational living.

A quick study of these and other redevelopments point to the win-win situation of En Bloc transactions. May it be the owners, the Investors, the Developers or the new Homebuyers, clearly all stand to benefit from En Bloc.

Will En Bloc Fever Continue in 2019?

“The empire on which the sun never sets” was a phrase coined in the 16th century to describe some empires that had very large territories on the globe. It was so vast that at any given time, at least one part had daylight. So it is, with the ever dynamic En Bloc Singapore market.

It might have gained focus on residential properties at some point, commercial at another, or an entirely new, never thought before format, in the days to come.

The demand, however, is never ending with clever Property Agents, hungry Developers, appealing amenities and ever-ready Homebuyers. Hence, there is as such no sunset expected to the En Bloc Singapore Market in the near future.

Owners are with their need to dispose ageing properties posing outdated designs and worn-out facilities.

The Developers are with their need to replenish land stock for continuity in business. So, are the Homebuyers, whose needs are especially evident on the first day bookings of new project launches.

Therefore, the cycle is anticipated to go on and on, in the vibrant Singapore that keeps itself up-to-date all the time.

After all, it is not wise to keep a > 20-year property at a prominent location as an eyesore. It benefits instead to redevelop it manifold, in number and quality, to the pride of the market and nation as a whole.

A fever waxes and wanes, but warmth is normal. Probably, the En Bloc Singapore 2018 fever that dominated the beginning of the year has subsided, but the warmth remains. Prime properties with excellent features are still attractive to Developers and Homebuyers.

So, starting off fast and frenzy like the hare, the En Bloc Singapore has now entered into the slow and steady tortoise phase. Hence, it is very likely to finish a successful cycle to the relief of all concerned in the market.

Therefore, expecting an early spring, the Property Market welcomes 2019 to refresh the situation and bring in more newness with bright ideas, sound methods, best bargains and good luck.

Our Opinions

Tracy Goh of Propnex Realty believes that with the right reserve price, residential en bloc is still possible.

The main reason that more than 60 sites have no bid is because of unrealistic reserve prices.

In June 2018 alone, without the cooling measure which came to the market on 6 July 2018, there were already no bid for 15 sites out of 19 sites.

The new ABSD on residential en bloc sites have just shifted the focus to commercial en bloc as there is no ABSD and no time frame for developers to sell the commercial properties.

The 25% remissable ABSD is only applicable on residential en bloc if they are unable to sell within 5 years from their acquisition.

The commercial sector also get a lift as the prices are still less compared to acquiring assets in neighbourhood countries like Hong Kong.

And our 3.3% GDP performance in 2018 still makes Singapore vibrant and attractive.

Top 5 Sale 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

Why Must Sell Your Property En Bloc Now

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Singapore En Bloc SOLD Properties List

En Bloc SOLD in 2019

  1. Min Yuan Apartment En Bloc Sold S$141 million (Latest)
  2. 2–24 Phoenix Road En Bloc Sold S$42.6 million 
  3. Sophia View En Bloc Sold 
  4. Realty Centre En Bloc Sold S$148 million
  5. Selegie Centre En Bloc Sold S$120 million

En Bloc Sold in 2018 

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 
  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. Century Warehouse  En Bloc SOLD $48.5 million (Latest)
  36. Katong Omega En Bloc SOLD $46.31 million
  37.  3 Telok Kurau Bungalows En Bloc SOLD $37.89 million 
  38. Pomex Court En Bloc SOLD $37.6 million 
  39. 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 Sales in Prime Districts

District 9

  1. Sophia View En Bloc Sold 2019 (Latest)
  2. Park House En Bloc SOLD 2018 (Highest Record Psf)
  3. Pacific Mansion En Bloc SOLD 2018 (Blockbuster Sale)
  4. 336 RV En Bloc SOLD 2018
  5. Cairnhill Heights En Bloc SOLD 2018 
  6. Makeway View En Bloc SOLD 2018 
  7. Cairnhill Mansions En Bloc SOLD 2018
  8. Riviera Point En Bloc SOLD 2018
  9. Tai Wah Building En Bloc SOLD 2017
  10. Cairnhill Astoria 
  11. Trendale Tower
  12. Cavenagh Gardens
  13. Leonie Gardens 
  14. Elizabeth Towers
  15. Horizon Towers
  16. Casa Sophia 
  17. St Thomas Ville 
  18. The Regalia 
  19. Grange Heights 
  20. HighPoint
  21. Peace Centre Peace Mansion 
  22. Singapore Shopping Centre

District 11

  1. Chancery Court En Bloc SOLD 2018 
  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
  8. Goldhill Shopping Centre 
  9. Minbu Villa
  10. Gilstead Court
  11. Chancery Esquire
  12. Newton Lodge
  13. Watten Estate 

District 10

  1. Balmoral Gardens En Bloc SOLD 2018
  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 
  17. Gisborne Light 
  18. Sutton Place
  19. Pinetree Condo
  20. Dalvey Court
  21. Spanish Village 
  22. Holland Tower
  23. Fernhill Court 
  24. Sixth Avenue Centre
  25. Beaufort on Nassim
  26. D’Grove Villas Condo

District 2

  1. Realty Centre En Bloc SOLD in 2019
  2. Asia Gardens En Bloc SOLD in 2018 
  3. Chinatown Plaza En Bloc SOLD in 2018
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En Bloc Singapore 2018 Top 5 Collective Sale

En Bloc Singapore History Top 5 Sale

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