Collective sale market faces rougher terrain in 2022

THE collective sale market had started to pick up in 2021 before the property cooling measures hit, a development which will turn developers more cautious.

While deals should still be concluded this year as diminishing unsold supply prompts developers to replenish their land banks, over-priced sites are unlikely to find buyers amid heightened risk.

According to real estate consultancy JLL, a dozen projects worth around S$2.19 billion - 9 residential and three mixed-use sites (based on proposed use) - were transacted in 2021. There were 43 launches in all.