Invisible clock starts ticking after an en bloc deal is agreed upon
It can be a source of anxiety for homeowners and developers.
ALL eyes are on the en bloc frenzy that is brewing within Singapore's property industry. Already, the number of collective sales of around 20 projects year-to-date has surpassed the seven deals recorded in 2015 and 2016 in total.
Along with this comes the fear of soaring private home prices, as buyers fear that developers who put in high bids would push up their eventual selling prices.
This is a real concern, especially to homeowners who may need to purchase a replacement property after signing the collective sale agreement.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access