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https://www.tracygoh.sg/en-bloc-fever-collective-sales-news-singapore/
18 Jan Every En Bloc sale in 2017/2018 (Updated)
Every En Bloc sale in 2017/2018 (Updated)
Since late 2016, en bloc sales in Singapore have been spiking up. In 2017 alone there has been 26 successful en bloc sale projects, with seemingly many more in the pipeline. Source: SBR
This chart from RHB research shows that in 2017, en bloc deals in Singapore reached a nine year high of S$8.5 billion. Of which it still falls short of the massive glut of en bloc sales in 2007. However, if you believe in property cycles and that history will usually repeat itself, 2017 looks to be a precursor to a booming 2018. This will mirror the rise in en bloc sales from 2006 before peaking in 2007. Which probably explains why so many older properties are trying to push for an en bloc sale this time round, as the cycles seem to run every ten years.
Why should i care about any En Bloc sale?
All this en bloc sale talk can have knock on implications on many other things in Singapore. For example, in 2018 the Building and Construction Authority (BCA) projected that up to S$31 billion in construction contracts could be awarded out. Prices of homes in Singapore are also set to rise by up to 17% in the next few years, partly due to the increase of en bloc sales and more money flowing in. For most owners that are receiving this sum of cash, the en bloc sale will be for their primary residence and they will have to look towards purchasing another home. For example, when a big development like Normanton Park goes en bloc, those who received the money from the sale will most likely look to purchase other units in the area around them. This will prop up prices around the area slightly due to the additional demand. Of course there will also be some older people that will take the cash and downgrade to a HDB, which will in turn contribute towards demand in resale HDBs.
Commercial En Bloc Realty Centre En Bloc SOLD in 2019 (Latest) Selegie Centre En Bloc SOLD in 2019 Century Warehouse En Bloc SOLD in 2018 Golden Wall Centre En Bloc SOLD in 2018 Waterloo Apartments En Bloc SOLD in 2018 336 RV En Bloc SOLD in 2018 Chinatown Plaza En Bloc SOLD in 2018 Pei Fu Industrial En Bloc SOLD in 2018 Citimac Industrial Complex En Bloc SOLD in 2017 Goh & Goh Building En Bloc SOLD in 2017 Elite Building En Bloc SOLD in 2017 Tai Wah Building En Bloc SOLD in 2017
2018====En Bloc Sold List in 2018Total Sales = S$10.8 Billion (Est)
Pacific Mansion En Bloc SOLD $980 million Tulip Garden En Bloc SOLD $906.9 million Park West En Bloc SOLD $841 million Pearl Bank En Bloc SOLD $728 million Goodluck Garden En Bloc SOLD $610 million Brookvale Park En Bloc SOLD $530 million Dunearn Gardens En Bloc SOLD $468 million Chancery Court En Bloc SOLD $401.78 million City Towers En Bloc SOLD $401.1 million Park House En Bloc SOLD $375.5 million Cairnhill Mansions En Bloc SOLD $362 million Katong Park Towers En Bloc SOLD $345 million Asia Gardens En Bloc SOLD $343 million Casa Meyfort En Bloc SOLD $319.88 million Landmark Tower En Bloc SOLD $286 million Golden Wall Centre En Bloc SOLD $276.2 million (Latest) Chinatown Plaza En Bloc SOLD $260 million Olina Lodge En Bloc SOLD $230.9 million The Estoril En Bloc SOLD $223.938 million Eunos Mansion En Bloc SOLD $220 million Hollandia En Bloc SOLD $183.38 million Makeway View En Bloc SOLD $168 million Kemaman Point En Bloc SOLD $143.88 million Waterloo Apartments En Bloc SOLD S$131.1 million 336 RV En Bloc SOLD $124.10 million Toho Mansion En Bloc SOLD $120.43 million Peak Court En Bloc SOLD $118.88 million Kismis View En Bloc SOLD $102.75 million The Wilshire En Bloc SOLD $98.8 million Villa D?Este En Bloc SOLD $93 million Balmoral Gardens En Bloc SOLD $83 million Pei Fu Industrial En Bloc SOLD $76.25 million Cairnhill Heights En Bloc SOLD $72.6 million Riviera Point En Bloc SOLD $72 million Katong Omega En Bloc SOLD $46.31 million 3 Telok Kurau Bungalows En Bloc SOLD $37.89 million Pomex Court En Bloc SOLD $37.6 million Phoenix Heights En Bloc SOLD $33.1 million
2017====En Bloc Properties Sold in 2017
Tampines Court En Bloc SOLD $970 million Amber Park En Bloc SOLD $906 million Normanton Park En Bloc SOLD $830.1 million Eunosville En Bloc SOLD $766 million Florence Regency En Bloc SOLD $629 million Rio Casa En Bloc SOLD $575 million Serangoon Ville En Bloc SOLD $499 million Royalville En Bloc SOLD $477 million Citimac Industrial Complex En Bloc SOLD $430 million Vista Park En Bloc SOLD $418 million Mayfair Gardens En Bloc SOLD $311 million Sun Rosier En Bloc SOLD $271 million Changi Garden En Bloc SOLD $248 million Nanak Mansions En Bloc SOLD $201 Million Crystal Tower En Bloc SOLD $180 million Parkway Mansion En Bloc SOLD $146 million Goh & Goh Building En Bloc SOLD $101.5 million Tai Wah Building En Bloc SOLD $84 million How Sun Park En Bloc SOLD $81 million 11 Balmoral Road En Bloc SOLD $73.8 million Derby Court En Bloc SOLD $73 million Casa Contendere En Bloc SOLD $72 million Jervois Gardens En Bloc SOLD S$72 million Albracca Condo En Bloc SOLD $69 million One Tree Hill Garden En Bloc SOLD $65 million Jervois Green En Bloc SOLD $52 million Elite Building En Bloc SOLD $52 million Dunearn Court En Bloc SOLD $36 million
List of completed en bloc sale projects in 2017/2018
Month | Project Name | Tenure | Size (SF) | Price | PSF PPR |
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April 2018 | Asia Gardens | Freehold | 72,059 | $343m | $1,722 | April 2018 | Tulip Garden | Freehold | 316,708 | $906.94m | $1,790 | April 2018 | The Estoril | Freehold | 84,600 | $223.94m | $1,654 | Mar 2018 | Ampas Apartments | Freehold | 30,239 | $95m | $1,073 | Mar 2018 | Fairhaven | Freehold | 16,660 | $57m | $1,629 | Mar 2018 | Makeway View | Freehold | 41,582 | $168m | $1,626 | Mar 2018 | Pacific Mansion | Freehold | 128,352 | $980m | $1,806 | Mar 2018 | Katong Park Towers | 99 leasehold | 140,758 | $288m | $1,280 | Mar 2018 | Goodluck Garden | Freehold | 360,130 | $610m | $1,100 | Mar 2018 | Eunos Mansion | Freehold | 111,735 | $220m | $1,118 | Mar 2018 | Toho Mansion | Freehold | 47,660 | $120.43m | $1,805 | Mar 2018 | Hollandia | Freehold | 53,505 | $183.38m | $1,703 | Feb 2018 | Brookvale Park | 999 leasehold | 373,008 | $530m | $932 | Feb 2018 | Cairnhill Mansions | Freehold | 43,103 | $362m | $2,311 | Feb 2018 | Riviera Point | Freehold | 14,579 | $72m | $1,461 | Feb 2018 | Pearl Bank Apartments | 99 leasehold | ? | $728m | $1,515 | Feb 2018 | City Towers | Freehold | 104,532 | $401.9m | $1,847 | Jan 2018 | Park West | 99 leasehold | 634,000 | $841m | $850 | Dec 2017 | Vista Park | 99 leasehold | 319,000 | $418m | $1,096 | Dec 2017 | Apartment 8 | Freehold | 9,665 | $21.5m | ? | Dec 2017 | Parkway Mansion | Freehold | 39,000 | $147m | $1,536 | Dec 2017 | Derby Court | Freehold | 19,000 | $74m | $1,390 | Dec 2017 | Jervois Green | Freehold | 27,000 | $53m | $1,601 | Dec 2017 | Royalville | Freehold | 174,000 | $478m | $1,960 | Nov 2017 | Crystal Tower | Freehold | 60,000 | $181m | $1,840 | Nov 2017 | How Sun Park | Freehold | 55,000 | $81m | $1,092 | Nov 2017 | Mayfair Gardens | 99 leasehold | 208,000 | $311m | $1,244 | Nov 2017 | Casa Contendere | Freehold | 38,000 | $72m | $1,638 | Oct 2017 | Dunearn Court | Freehold | 19,000 | $36m | $1,371 | Oct 2017 | Changi Garden | Freehold | 200,000 | $249m | $888 | Oct 2017 | Florence Regency | 99 leasehold | 389,000 | $629m | $842 | Oct 2017 | Normanton Park | 99 leasehold | 661,000 | $830m | $969 | Oct 2017 | Amber Park | Freehold | 214,000 | $907m | $1,515 | Sept 2017 | Jervois Gardens | Freehold | 34,000 | $72m | $1,373 | Sept 2017 | Nanak Mansions | Freehold | 110,000 | $201m | $1,409 | Sept 2017 | Sun Rosier | Freehold | 146,000 | $271m | $1,325 | Aug 2017 | Yio Chu Kang | 99 leasehold | 14,000 | $8m | ? | Aug 2017 | Tampines Court | 99 leasehold | 702,000 | $970m | $676 | July 2017 | Serangoon Ville | 99 leasehold | 297,000 | $499m | $835 | July 2017 | The Albracca | Freehold | 23,000 | $69m | $1,409 | July 2017 | Lotus at Pasir Panjang | Freehold | 89,000 | $121m | ? | June 2017 | Eunosville | 99 leasehold | 377,000 | $766m | $909 | May 2017 | Rio Casa | 99 leasehold | 396,000 | $575m | $706 | May 2017 | One Tree Hill Gardens | Freehold | 39,000 | $65m | $1,664 |
Updated as of April 2018
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