{"id":95641,"date":"2018-08-08T10:46:43","date_gmt":"2018-08-08T03:46:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/collective-sales-success-rate-down-despite-increased-activity\/"},"modified":"2018-08-08T11:03:05","modified_gmt":"2018-08-08T04:03:05","slug":"collective-sales-success-rate-down-despite-increased-activity","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/collective-sales-success-rate-down-despite-increased-activity\/","title":{"rendered":"Collective sales success rate down despite increased activity"},"content":{"rendered":"


\nProperty developers in Singapore have become more selective with their acquisitions.
\nDespite the increased activity in the collective sales market, the success rate for en bloc sales has fallen significantly compared to 2016 and 2017 levels, reported Singapore Business Review citing Savills Asia.
\nThis comes as developers have become more selective with their acquisitions even as more sites have been launched for sale.
\nMore:\u00a0Developers\u2019 En Bloc Appetite Diminishing: RHB
\n\u201cDevelopers\u2019 buying interests have shifted to freehold sites in the high-end and mid-tier markets with a quantum of less than $500 million,\u201d said Savills Asia senior director of research Alan Cheong.
\nInvestment sales of residential sites and homes fell 14.5 percent quarter-on-quarter to $6.88 billion in Q2 2018, although they continued to make up the bulk of total sales at 65 percent. Of the 21 private residential sites sold during the quarter, 16 were transacted via en bloc sales.
\nTransaction values for such sites, however, continued to increase. Given the 18 sites sold in the first quarter, developers acquired a total of 34 en bloc sites at a total value of $9.84 billion. The figure exceeds the $8.24 billion spent in the whole of 2017 for 29 sites.
\nMeanwhile, Singapore emerged as one of three countries that registered double-digit growth in prime property prices, revealed Knight Frank\u2019s latest Prime Global Cities Index.
\nThe city-state was ranked second in the index as prime property prices rose 11.5 percent. Guangzhou topped the list with a 11.9 percent hike, while Madrid settled in third place with a 10.3 percent increase.
\n\u201cHigh land bids by developers has translated into higher new-build values,\u201d said Knight Frank\u2019s international residential research partner Kate Everett-Allen.
\nThe upward trend in prices was also seen in the Urban Redevelopment Authority\u2019s data.
\n\u201cLuxury prices in Singapore have rebounded strongly but recent stamp duty changes may [cause] impact,\u201d she added.
\nThe Singapore government introduced its latest round of property cooling measures, which included\u00a0 higher Additional Buyer\u2019s Stamp Duty (ABSD) and tighter lending rules in July to curb price inflation.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Collective sales success rate down despite increased activity<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Property developers in Singapore have become more selective with their acquisitions. Despite the increased activity...<\/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-95641","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-oSB","jetpack-related-posts":[{"id":65464,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-developers-ramp-up-landbanking-activity\/","url_meta":{"origin":95641,"position":0},"title":"Singapore developers ramp up landbanking activity","date":"September 5, 2017","format":false,"excerpt":"\r View of a Government Land Sales site in Singapore. (Photo: Nikki De Guzman) Seven of the top 10 developers with the biggest residential landbank and unsold units in launched projects are local developers, according to the Business Times\u2019 compilation of developers. This comes as Singapore developers came out strong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113695,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-to-remain-cautious-in-aggregating-land-in-2020\/","url_meta":{"origin":95641,"position":1},"title":"Developers' to remain cautious in aggregating land in 2020","date":"January 17, 2020","format":false,"excerpt":"\r Developers have slowed down in their land-banking activity as they wait for demand for private homes to grow.\u00a0 Having replenished their land banks during the 2016 to 2018 en bloc fever, developers have slowed down in their land-banking activity, with UOL and City Developments each acquiring just one Government\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95051,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-private-home-prices-rose-3-4-in-q2\/","url_meta":{"origin":95641,"position":2},"title":"Singapore private home prices rose 3.4% in Q2","date":"July 30, 2018","format":false,"excerpt":"\r The price growth in Q2 was slightly slower than the 3.9 percent increase in Q1.\u00a0 Singapore private home prices rose 3.4 percent quarter-on-quarter in Q2 2018 compared to a slightly faster growth of 3.9 percent in Q1, according to more complete data released by the Urban Redevelopment Authority (URA)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123929,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/en-bloc-hopefuls-march-ahead-with-tenders-despite-new-curbs\/","url_meta":{"origin":95641,"position":3},"title":"En bloc hopefuls march ahead with tenders despite new curbs","date":"December 22, 2021","format":false,"excerpt":"\r Despite the increased ABSD rates for developers, tenders for properties such as Lakepoint Condominium, Dublin Lodge, Sixth Avenue Centre, Baode Building, and Hillview Terrace will continue. Projects with ongoing collective sale tender exercise continue as planned even as analysts expect the new property cooling measures to take the wind\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/singapore-prime-district.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":84982,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-en-bloc-appetite-diminishing-rhb\/","url_meta":{"origin":95641,"position":4},"title":"Developers\u2019 en bloc appetite diminishing: RHB","date":"April 11, 2018","format":false,"excerpt":"\r Developers are paying smaller premiums and becoming more selective when it comes to purchasing en bloc sites, said RHB\u2019s analyst. RHB revealed on Tuesday (10 Apr) that property developers are now paying smaller premiums for Singapore en bloc sites, indicating that their appetite for such land is diminishing, reported\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75561,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-prices-unlikely-to-spiral-en-bloc-sales-to-slow-down\/","url_meta":{"origin":95641,"position":5},"title":"Home prices unlikely to spiral, en bloc sales to slow down","date":"January 2, 2018","format":false,"excerpt":"\r Experts expect the recovery of Singapore\u2019s real estate market to continue this year following three years of price drops, reported the Business Times. However, prices are unlikely to rise too high, like the 38.2 percent surge between mid-2009 and mid-2010, due to existing cooling measures, said JLL National Director\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\/95641"}],"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=95641"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/95641\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=95641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=95641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=95641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}