Non-residential en bloc to sizzle

[SINGAPORE] The revived interest in commercial and industrial en bloc sales here is likely to persist this year, say consultants, as preference for residential deals starts to dwindle, dampened by the various cooling measures last year which were largely aimed at the latter segment.

Indeed, 2013 was a good year for non-residential collective sales - about $675.4 million worth of successful commercial and industrial en bloc sales were completed, compared with $116.4 million in 2012 and $126.8 million in 2011, according to data provided by Jones Lang LaSalle (JLL).

Notably, Serangoon Plaza broke the mould when it changed hands for $400 million in November, while industrial en bloc sales emerged as a new trend.