Is en bloc fever back? Analysts are split

Singapore

WITH four collective sales of properties in Singapore in the last month or so, analysts are debating if that is an indication the en bloc fever is back. So far they have yet to reach consensus.

Three of these en bloc sales were sealed in the last seven days, pushing some analysts to believe that the signs are there for an upswing in the real estate prices.

Rachel Tan and Derek Tan of DBS Vickers Securities took the overweight stance for developers, seeing City Developments Ltd (CDL) and UOL as key be…