En bloc hopefuls push on with tenders despite cooling measures

DAYS after a round of property curbs was introduced, collective-sale candidates in Singapore remain in wait-and-see mode, with some unfazed for now.

Several sites that have already begun their tenders are proceeding with the en bloc sale process, while a few have moved into private treaty talks, The Business Times (BT) has learnt.

In addition, Sultan Plaza in the Beach Road area intends to launch a tender this Wednesday (Dec 22), BT understands. The commercial building is thus likely to be the first to make an en bloc attempt since the new cooling measures took effect.