Successful en bloc in 2016

More residential properties are expected to go en bloc in 2017, following the success of three collective sales this year. Three successful en bloc deals this year, valued at S$1 billion, may be igniting the interest of other property owners to do the same.  Raintree Gardens in Potong Pasir was acquired by a joint venture (JV) between UOL Group and United Industrial Corporation in October for S$334.2 million, Harbour View Gardens in Pasir Panjang was purchased by Roxy-Pacific Holdings in August for S$33.25 million, and Chinese developer Qingjian Realty bought Shunfu Ville in May for S$638 million.

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Raintree Gardens at Potong Pasir was successfully en bloc

Source:

The Business Times

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