Price surge stokes en bloc hopes, but expectations gap a hurdle

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Given this, marketing consultants have been advising some CSCs to lower their price expectations, BT understands. Unsurprisingly, they face resistance from certain owners, especially those who believe the recent uptrend in private home prices should justify higher land bids.

Showsuite's Mr Singh said that sellers whose earlier collective-sale attempts fell through are seeing the rise in resale condo prices, which erodes the perceived attractiveness and profits of pursuing an en-bloc sale.