Price surge stokes en bloc hopes, but expectations gap a hurdle
Property owners pumped up by strong transaction volumes and prices, but developers fretting over thinning margins, more cooling measures
Singapore
MORE properties could soon be put up for sale en bloc, as unit owners hope to cash in on resilient real estate prices in Singapore and developers' growing appetite for land.
But consultants are seeing "a mismatch in price expectations". That means deals might be slow to close or fall through entirely. Given this, potential buyers flocking to the collective-sale market should take pause.
TRENDING NOW
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Singtel shares up 4.2% after underlying Q1 net profit grows 21%
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry