{"id":70386,"date":"2017-10-30T11:02:10","date_gmt":"2017-10-30T04:02:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-prefer-leasehold-properties-in-current-en-bloc-boom\/"},"modified":"2017-10-30T12:02:56","modified_gmt":"2017-10-30T05:02:56","slug":"developers-prefer-leasehold-properties-in-current-en-bloc-boom","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-prefer-leasehold-properties-in-current-en-bloc-boom\/","title":{"rendered":"Developers prefer leasehold properties in current en bloc boom"},"content":{"rendered":"


\nThe current en bloc frenzy has bucked the trend as developers favoured leasehold properties over freehold ones, reported the Business Times.
\nA Cushman & Wakefield study showed that the proportion of leasehold residential properties sold en bloc \u2013 by number of units \u2013 has risen to 92 percent in 2016 and 83 percent so far this year.
\nThe figures mark a shift from the 2008 to 2013 en bloc boom when almost all residential units sold en bloc were freehold.
\nFreehold properties also accounted for over 70 percent of the total deals during the 2005 to 2007 en bloc fever, said Christine Li, Cushman & Wakefield\u2019s research director.
\nIndustry players have attributed the swing to the strong demand for mass-market private homes and lack of supply from government land sales (GLS).
\nDevelopers also prefer bigger leasehold sites as they could achieve greater economies of scale and eventually generate substantial revenue, said Ong Teck Hui, national director for research and consultancy at JLL.
\nAside from being large, former HUDC estates are also relatively cheaper in terms of land rate on a per square foot per plot ratio basis.
\nThis comes as most of the owners of HUDC estates are in their 60s who want to cash out of their properties, which have depleting leases, said Tan Hong Boon, regional director of investments at JLL.
\nFreehold properties\u2019 10 to 15 percent price premium over leasehold properties also proved to be a stumbling block to quantum-sensitive investors and buyers, given that the total debt servicing ratio (TDSR) remains in place, added Li.
\nIn concurring, Ian Loh, head of investment and capital markets at Knight Frank, said: \u201cAffordability has got a big part to play in a product that can sell in Singapore\u2019s highly regulated real estate market.\u201d
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Developers prefer leasehold properties in current en bloc boom<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The current en bloc frenzy has bucked the trend as developers favoured leasehold properties over...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-70386","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ijg","jetpack-related-posts":[{"id":69988,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/en-bloc-fever-spreads-to-commercial-properties\/","url_meta":{"origin":70386,"position":0},"title":"En bloc fever spreads to commercial properties","date":"October 25, 2017","format":false,"excerpt":"\r View of Singapore skyline. (Photo: Wikimedia Commons) More commercial and mixed-use projects are joining the en bloc sales frenzy after a number of residential developments have successfully changed hands, reported the Business Times. For instance, three integrated developments have been launched for collective sale. Owners of the freehold Tai\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89472,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-capital-growth-for-landed-housing-in-singapore\/","url_meta":{"origin":70386,"position":1},"title":"High capital growth for landed housing in Singapore","date":"May 25, 2018","format":false,"excerpt":"\r Attendees were keen to find out more about the investment potential for landed housing in Singapore. Industry experts indicate that now is the best time to invest in Singapore property market. By Mindy Chong Singapore\u2019s property market has seen a limited supply of landed property over the past five\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89462,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-capital-growth-in-landed-housing-in-singapore\/","url_meta":{"origin":70386,"position":2},"title":"High capital growth in landed housing in Singapore","date":"May 25, 2018","format":false,"excerpt":"\r Attendees were keen to find out more about the investment potential for landed housing in Singapore. Industry experts indicate that now is the best time to invest in Singapore property market. By Mindy Chong Singapore\u2019s property market has seen a limited supply of landed property over the past five\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85640,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/faber-garden-up-for-en-bloc-sale-with-1-18b-reserve-price\/","url_meta":{"origin":70386,"position":3},"title":"Faber Garden up for en bloc sale with $1.18b reserve price","date":"April 17, 2018","format":false,"excerpt":"\r Faber Garden could become the largest en bloc deal this year if the sale goes through. (Photo: CBRE) Faber Garden, a 236-unit freehold development at Angklong Lane off Upper Thomson Road, has been launched for en bloc sale with a reserve price of $1.18 billion, marketing agent CBRE said\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93607,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/en-bloc-plans-push-through-while-others-put-on-hold-amid-new-curbs\/","url_meta":{"origin":70386,"position":4},"title":"En bloc plans push through while others put on hold amid new curbs","date":"July 11, 2018","format":false,"excerpt":"\r Homeowners of Dalvey Court have been advised to extend the tender closing date in light of new cooling measures by the government Homeowners eyeing to go on en bloc have put their plans on hold or went back to the drawing board to devise new strategies amid the uncertainties\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86623,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/collective-sale-fever-hits-lakeside-towers-jalan-besar-plaza\/","url_meta":{"origin":70386,"position":5},"title":"Collective sale fever hits Lakeside Towers, Jalan Besar Plaza","date":"April 27, 2018","format":false,"excerpt":"\r The owners of Jalan Besar Plaza are expecting $380 million if the sale goes through. This is the freehold development\u2019s fourth en bloc attempt. Lakeside Towers and Jalan Besar Plaza are the latest properties to be put up for en bloc sale, with the owners expecting $30.5 million and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/70386"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=70386"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/70386\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=70386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=70386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=70386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}