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

Nisha Ramchandani

Published Fri, Oct 8, 2021 · 05:50 AM

Singapore property

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.