Possible revival of en bloc market in 2021 as developers look to replenish land banks: Analysts Toggle share menu
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General view of private and HDB properties in Singapore. (File photo: TODAY)
03 Feb 2021 12:30PM) Share this content
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SINGAPORE: The muted collective sales market could see a revival in the second half of next year, as developers turn to the private residential scene to feed a growing appetite for land, according to property analysts.
This comes as the property market has remained resilient in the face of the COVID-19 pandemic and consequent economic uncertainty, said analysts.
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Just two en bloc deals totalling S$77.2 million have been inked so far this year, according to Mr Wong Xian Yang, an associate director of research at property firm Cushman & Wakefield.