ENBLOC Singapore – 78 Condos with en bloc potential, 80% vote, sales tender launched
The following is the list of 78 condos in Singapore that launched their collective sale tenders in 2017-2020 (after successfully getting more than 80% en bloc vote from the subsidiary proprietor owners). However, their tenders were not successful in that cycle, because most of them were derailed by the Singapore government’s sudden July 2018 cooling measures as well as the Covid-19 coronavirus pandemic in 2020. Nevertheless, these condos have demonstrated en bloc potential.
As compared with other “aspiring” condos that could – not – even get 80% vote or where no marketing agent was even willing to take up the job, these 78 condos in Singapore may thus have renewed en bloc potential in the next en bloc sales cycle.
GLORIA MANSION (D7)
KENTISH GREEN
Fairhaven (2018, 2020)
2, 4, 6 Mount Emily Road (2020)
SPANISH VILLAGE
SUTTON PLACE
PINETREE CONDO
BEAUFORT ON NASSIM
Queen Astrid Gardens (2020)
Boon Keng terraced houses and shophouses
LAKESIDE APARTMENTS
EURO-ASIA APARTMENTS
WING FONG MANSIONS (2020)
WING FONG COURT (2020)
BLOSSOM MANSION
LE ARC APARTMENTS
VICENTA LODGE
Tivoli Lodge (2020)
Advance Apartments (2020)
Cheng Hoe House
FRAGRANT GARDENS
EN BLOC POTENTIAL (COMMERCIAL)
The following commercial developments in Singapore officially launched their collective sale tenders in 2017-2019, but were not successful in getting buyers. They may thus have renewed enbloc potential in the next en bloc sales cycle.
RIVERSIDE PIAZZA
JALAN BESAR PLAZA
ICB Shopping Centre
Beauty World Plaza
Singapore Shopping Centre
Golden Mile Complex
Maxwell House (2020)
101 Beach Road (2020)
GSM Building (2020)
EN BLOC POTENTIAL – TOO?
During the 2017-2019 cycle, the following popular developments in Singapore FAILED to get the minimum 80% vote in order to start the collective sale exercise, but will they be more successful during the next en bloc sales cycle ???
IVORY HEIGHTS
LAGOON VIEW
INTERNATIONAL PLAZA
Queensway Shopping Centre
COMPLETED EN BLOC SALES > $750M
The record for the largest collective sale in Singapore history is still held by Farrer Court which was sold for $1.34 billion in 2007. Farrer Court is now D’Leedon. The following are the largest successful enbloc sales in Singapore during the 2017-2019 period, with Pacific Mansion leading the pack at $980m. For aspiring mega-sites like Braddell View ($2.08b reserve price), Pine Grove ($1.86b) and Laguna Park ($1.48b), the jury is still out on whether developers will really bite during the next en bloc sales cycle.
- Pacific Mansion is now THE AVENIR
- Pacific Mansion sold en bloc for $980m in second-highest deal
- Tulip Gardens is now LEEDON GREEN
- Freehold Tulip Garden sold en bloc for $907m
- Park West is now PARC CLEMATIS
- SingHaiyi snags Clementi site for $841m
- Florence Regency is now THE FLORENCE RESIDENCES
- Florence Regency in Hougang sold en bloc for S$629 million
- Normanton Park is currently under “No Sale Order”
- Kingsford Huray gets no-sale licence for Normanton Park project
- Kingsford Huray gets no-sale licence for Normanton Park project
- Amber Park is still AMBER PARK
- CDL, Hong Leong unit snap up Amber Park for $906.7m, setting new record for freehold property sold en bloc
- Tampines Court is now TREASURE AT TAMPINES
- Tampines Court sold en bloc for $970m
- Eunos Ville is now PARC ESTA
- $765m en bloc sale: Eunosville may make way for 1,399 new homes
BEFORE YOU GO
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Mike Tan | CEA Regn R059706Z | 98280030
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