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Every En Bloc sale in 2017/2018 (Updated)

en bloc sale 2018

Since late 2016, en bloc sales in Singapore have been spiking up. In 2017 alone there has been 26 successful en bloc sale projects, with seemingly many more in the pipeline.

en bloc sale
Source: SBR

This chart from RHB research shows that in 2017, en bloc deals in Singapore reached a nine year high of S$8.5 billion. Of which it still falls short of the massive glut of en bloc sales in 2007. However, if you believe in property cycles and that history will usually repeat itself, 2017 looks to be a precursor to a booming 2018. This will mirror the rise in en bloc sales from 2006 before peaking in 2007. Which probably explains why so many older properties are trying to push for an en bloc sale this time round, as the cycles seem to run every ten years.

​Why should i care about any En Bloc sale?

All this en bloc sale talk can have knock on implications on many other things in Singapore. For example, in 2018 the Building and Construction Authority (BCA) projected that up to S$31 billion in construction contracts could be awarded out. Prices of homes in Singapore are also set to rise by up to 17% in the next few years, partly due to the increase of en bloc sales and more money flowing in. For most owners that are receiving this sum of cash, the en bloc sale will be for their primary residence and they will have to look towards purchasing another home. For example, when a big development like Normanton Park goes en bloc, those who received the money from the sale will most likely look to purchase other units in the area around them. This will prop up prices around the area slightly due to the additional demand. Of course there will also be some older people that will take the cash and downgrade to a HDB, which will in turn contribute towards demand in resale HDBs.

List of completed en bloc sale projects in 2017/2018

Month Project Name Tenure Size (SF) Price PSF PPR
July 2018 Phoenix Heights 99 leasehold 42,753 $33.1m $556
July 2018 Casa Meyfort Freehold 85,249 $319.88m $1,580
June 2018 Teck Guan Ville Freehold 42,290 $60m $1,300
June 2018 Kemaman Point Freehold 43,825 $143.88m $1,111
June 2018 Park House Freehold 46,984 $375.5m $2,910
May 2018 Chinatown Plaza Freehold 33,953 $260m $1,915
May 2018 Chancery Court 99 leasehold 259,134 $401.78m $1,610
May 2018 Peak Court Freehold 57,378 $118.88m $1,558
April 2018 Dunearn Gardens Freehold 267,239 $468m $1,914
April 2018 Asia Gardens Freehold 72,059 $343m $1,722
April 2018 Tulip Garden Freehold 316,708 $906.94m $1,790
April 2018 The Estoril Freehold 84,600 $223.94m $1,654
Mar 2018 Ampas Apartments Freehold 30,239 $95m $1,073
Mar 2018 Fairhaven Freehold 16,660 $57m $1,629
Mar 2018 Makeway View Freehold 41,582 $168m $1,626
Mar 2018 Pacific Mansion Freehold 128,352 $980m $1,806
Mar 2018 Katong Park Towers 99 leasehold 140,758 $288m $1,280
Mar 2018 Goodluck Garden Freehold 360,130 $610m $1,100
Mar 2018 Eunos Mansion Freehold 111,735 $220m $1,118
Mar 2018 Toho Mansion Freehold 47,660 $120.43m $1,805
Mar 2018 Hollandia Freehold 53,505 $183.38m $1,703
Feb 2018 Brookvale Park 999 leasehold 373,008 $530m $932
Feb 2018 Cairnhill Mansions Freehold 43,103 $362m $2,311
Feb 2018 Riviera Point Freehold 14,579 $72m $1,461
Feb 2018 Pearl Bank Apartments 99 leasehold $728m $1,515
Feb 2018 City Towers Freehold 104,532 $401.9m $1,847
Jan 2018 Park West 99 leasehold 634,000 $841m $850
Dec 2017 Vista Park 99 leasehold 319,000 $418m $1,096
Dec 2017 Apartment 8 Freehold 9,665 $21.5m
Dec 2017 Parkway Mansion Freehold 39,000 $147m $1,536
Dec 2017 Derby Court Freehold 19,000 $74m $1,390
Dec 2017 Jervois Green Freehold 27,000 $53m $1,601
Dec 2017 Royalville Freehold 174,000 $478m $1,960
Nov 2017 Crystal Tower Freehold 60,000 $181m $1,840
Nov 2017 How Sun Park Freehold 55,000 $81m $1,092
Nov 2017 Mayfair Gardens 99 leasehold 208,000 $311m $1,244
Nov 2017 Casa Contendere Freehold 38,000 $72m $1,638
Oct 2017 Dunearn Court Freehold 19,000 $36m $1,371
Oct 2017 Changi Garden Freehold 200,000 $249m $888
Oct 2017 Florence Regency 99 leasehold 389,000 $629m $842
Oct 2017 Normanton Park 99 leasehold 661,000 $830m $969
Oct 2017 Amber Park Freehold 214,000 $907m $1,515
Sept 2017 Jervois Gardens Freehold 34,000 $72m $1,373
Sept 2017 Nanak Mansions Freehold 110,000 $201m $1,409
Sept 2017 Sun Rosier Freehold 146,000 $271m $1,325
Aug 2017 Yio Chu Kang 99 leasehold 14,000 $8m
Aug 2017 Tampines Court 99 leasehold 702,000 $970m $676
July 2017 Serangoon Ville 99 leasehold 297,000 $499m $835
July 2017 The Albracca Freehold 23,000 $69m $1,409
July 2017 Lotus at Pasir Panjang Freehold 89,000 $121m
June 2017 Eunosville 99 leasehold 377,000 $766m $909
May 2017 Rio Casa 99 leasehold 396,000 $575m $706
May 2017 One Tree Hill Gardens Freehold 39,000 $65m $1,664

Updated as of June 2018

If you are looking for property with en bloc potential that are freehold you can do so here, if you are looking for leasehold property with en bloc potential we have the ultimate list for you here.

As always, if you have any questions feel free to comment below or feel free to reach out to us at hello@stackedhomes.com!

Druce

Druce mainly writes for Stacked Homes and has a keen interest in condos in Singapore. He enjoys looking at new launches and analysing them.

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