En bloc buzz is back; but some projects have cut asking prices
Reasons include higher construction costs, challenging environment in current cycle and decaying lease for 99-year leasehold properties: analysts
Add BT as a preferred source
Singapore
AS DEVELOPERS grapple with headwinds such as higher construction costs, some owners have been taking another crack at going en bloc - this time putting their projects on the market at a lower price.
Data from real estate consultancy JLL shows at least five projects that have been put up for tender this year have reduced their asking price vis-a-vis the last en bloc cycle.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Manulife pulls loan product for rich Hong Kong clients after scrutiny
