Singapore developers seeing some en bloc fatigue?

Singapore

A SPATE of en bloc sales, coupled with a rebound in the property market at the start of the year, may indicate that Singapore developers will be more cautious in adding to their landbanks and about their pricing strategies, analysts say.

Collective apartment sales in the first two months of 2018 totalled over S$3.1 billion, almost twice the S$1.66 billion seen in the last peak of the en bloc market in 2007, Nomura analyst Sai Min Chow wrote in a note dated on Monday.