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Billion-dollar en bloc sites: the flops, the dogged and the successful

Fiona Lam

Published Thu, Dec 9, 2021 · 02:02 PM

JUGGERNAUT developments in Singapore have continued to gun for collective sales with billion-dollar price tags, undaunted by the hurdles in the path of large en bloc candidates.

Just this week, the 1,017-unit Mandarin Gardens kickstarted the process again by forming a new collective sales committee (CSC), following its unsuccessful S$2.93 billion attempt some 3 years ago.

The developments must gather enough signatures before they can launch a tender - a herculean task especially when more than a thousand owners are involved.

Their hefty reserve prices and sprawling land sizes could also prove to be a tough sell to prospective buyers, even those with deep pockets. The risk of not completi…