{"id":75135,"date":"2017-12-22T09:58:45","date_gmt":"2017-12-22T02:58:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sale-to-increase-next-year-amid-collective-sale-frenzy\/"},"modified":"2017-12-22T10:03:03","modified_gmt":"2017-12-22T03:03:03","slug":"private-home-sale-to-increase-next-year-amid-collective-sale-frenzy","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sale-to-increase-next-year-amid-collective-sale-frenzy\/","title":{"rendered":"Private home sale to increase next year amid collective sale frenzy"},"content":{"rendered":"


\nWith the collective sale fever forecasted to continue into 2018, analysts expect the potential en bloc sellers to lead a hike in private home sales next year, with prices expanding between four to eight percent, reported Channel News Asia.
\nCushman & Wakefield expects at least 44 condominiums to go en bloc next year, which could see over 9,000 potential house hunters.
\nAmong the condominiums expected to take the collective sale, path includes the 528-unit Laguna Park, the 264-unit Teresa Ville and the 120-unit Lakeside Apartments.
\nThis year\u2019s 27 collective sale tenders, to date, saw around 3,200 owners looking for a new place to live.
\nEdmund Tie and Company research head Dr Lee Nai Jia noted that these collective sales have a \u201csnowball effect\u201d.
\n\u201cThose who have successfully sold their units will probably buy two, even though they will downsize.\u201d
\nLee believes the suburban and HDB resale market sector will record the greatest pickup in 2018, given the significant number of former Housing and Urban Development Company (HUDC) estates and government housing projects trying their hand at a collective sale.
\nCushman & Wakefield research head Christine Li expects the mass market segment to witness a pickup since many buyers, who have held back purchases over the past three years, have now accumulated enough savings to acquire a new property.
\nShe noted that the local property market\u2019s resilience and the strength of the Singapore dollar have made Singapore more appealing to foreign property buyers again, despite the higher additional buyers\u2019 stamp duty (ABSD) for such buyers.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Private home sale to increase next year amid collective sale frenzy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With the collective sale fever forecasted to continue into 2018, analysts expect the potential en...<\/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-75135","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-jxR","jetpack-related-posts":[{"id":67640,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ridgewood-condo-mulls-en-bloc-sale\/","url_meta":{"origin":75135,"position":0},"title":"Ridgewood condo mulls en bloc sale","date":"September 28, 2017","format":false,"excerpt":"\r The owners of the 464-unit Ridgewood Condominium along Mount Sinai Drive in District 10 plans to hold an extraordinary general meeting on 14 October to vote on whether to create a collective sale committee, reported the New Paper. Constructed in 1981, the 999-year leasehold property with an overall area\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87439,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-condominiums-attempt-en-bloc-sale\/","url_meta":{"origin":75135,"position":1},"title":"More condominiums attempt en bloc sale","date":"May 9, 2018","format":false,"excerpt":"\r Elias Green in Pasir Ris is expected to be launched for collective sale at a reserve price of $780 million. The 419-unit Elias Green condo in Pasir Ris is expected to be launched for collective sale by marketing agent PropNex Realty at a reserve price of $780 million, with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51661,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/need-for-realistic-expectations-amid-expected-hike-in-en-bloc-sales\/","url_meta":{"origin":75135,"position":2},"title":"Need for realistic expectations amid expected hike in en bloc sales","date":"April 12, 2017","format":false,"excerpt":"\r The limited supply of land sites has resulted in more developers going after projects put up for collective sale. While the residential collective sales market is expected to pick up this year, experts have called on owners of residential developments to be realistic with their expectations, reported Channel NewsAsia.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75425,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-wilshire-launched-for-en-bloc-sale-at-98-07mil\/","url_meta":{"origin":75135,"position":3},"title":"The Wilshire launched for en bloc sale at $98.07mil","date":"December 29, 2017","format":false,"excerpt":"\r The Wilshire, a 20-unit residential development along Farrer Road, has been put up for en bloc sale by tender, carrying an indicative price of $98.07 million or around $1,525 psf ppr, revealed marketing agent Savills Singapore. Built in the 1980s, the development is nestled on a 3,635.3 sq m\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63808,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tampines-court-set-to-be-biggest-collective-sale-in-a-decade\/","url_meta":{"origin":75135,"position":4},"title":"Tampines Court set to be biggest collective sale in a decade","date":"August 16, 2017","format":false,"excerpt":"\r Built in 1985, Tampines Court sits on a huge 702,164 sq ft site.\u00a0 Following two failed attempts at a collective sale in 2008 and 2011, Tampines Court is poised to become the biggest en bloc sale of a former Housing and Urban Development Company (HUDC) estate in a decade,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61838,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lakepoint-condo-eyeing-en-bloc-sale-site-bigger-than-shunfu-ville\/","url_meta":{"origin":75135,"position":5},"title":"Lakepoint condo eyeing en bloc sale, site bigger than Shunfu Ville","date":"July 26, 2017","format":false,"excerpt":"\r View of the Lakepoint condominium at Lakepoint Drive. (Photo: Jianwei Huang) Owners of the ageing Lakepoint condominium near Lakeside MRT station are believed to be exploring opportunities to go en bloc in the next two years, or even earlier, according to some residents with knowledge of the matter. PropertyGuru\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\/75135"}],"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=75135"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/75135\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=75135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=75135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=75135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}