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En bloc sales still the way to go: Colliers

BT understands Tanglin Shopping Centre has a lower S$1b reserve price

[SINGAPORE] Collective sales remain a relevant option for property owners to exit from their ageing assets and for developers to replenish their development pipeline, despite the current standstill in the en bloc market, says Colliers International.

But an expectation gap, as described by Colliers in a white paper issued this month, is continuing to impede en bloc deals.

Sellers who are still hoping to strike rich overnight through an en bloc do not seem to have awoken to the new market reality. Developers,...

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