Juggernaut sites take en bloc game to new level

Singapore

HOME owners are taking Singapore's latest en bloc craze to a new level, with mega developments - sitting on sites close to or over one million sq ft each - joining the bandwagon.

Owners of Mandarin Gardens, a 99-year condominium on a one million sq ft plot off East Coast Park, have given the green light to kickstart its collective sale process.

It formed its collective sale committee over the weekend, and the committee is in the process of contacting marketing agents.

While it is still early days, Alan Cheong, Savills Singapore's research head, said the deal, if it goes through, could go for "way past a billion", and "will definitely be another major landmark in the histo…