{"id":73507,"date":"2024-03-13T18:42:49","date_gmt":"2024-03-13T10:42:49","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=73507"},"modified":"2024-12-07T18:39:04","modified_gmt":"2024-12-07T10:39:04","slug":"list-en-bloc-collective-sale-singapore-2024","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/list-en-bloc-collective-sale-singapore-2024\/","title":{"rendered":"List of En Bloc (Collective Sale) in Singapore 2024"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\r\n<p><span style=\"font-weight: 400;\">In recent weeks, we&#8217;ve been diving into various aspects of Singapore&#8217;s property market, exploring <\/span><a href=\"https:\/\/www.99.co\/singapore\/insider\/new-condo-launches-2024\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span style=\"font-weight: 400;\">upcoming new launches of the year<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.99.co\/singapore\/insider\/bto-projects-mop-2024-2025-near-the-mrt\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span style=\"font-weight: 400;\">HDB BTOs reaching MOP in 2024<\/span><\/a><span style=\"font-weight: 400;\">, and <\/span><a href=\"https:\/\/www.99.co\/singapore\/insider\/upcoming-executive-condos-ecs-mop-2024-2025\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span style=\"font-weight: 400;\">ECs due to reach MOP in 2024 and 2025<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Today, we&#8217;re shifting our focus to the <a href=\"https:\/\/www.99.co\/singapore\/glossary\/en-bloc\/\" target=\"_blank\" rel=\"noreferrer noopener\">en bloc<\/a> sales in Singapore for 2024.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">But before we cover what&#8217;s brewing for the year, let&#8217;s take a quick look back at the en bloc scene in 2023, highlighting the sales that were successfully sold.<\/span><\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-full-list-of-en-blocs-that-were-launched-in-2023\" class=\"wp-block-heading\"><b>Full list of en blocs that were launched in 2023<\/b><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Here&#8217;s a rundown of the en bloc properties that hit the market in 2023:<\/span><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-table\">\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td><b>Development<\/b><\/td>\r\n<td><b>Tender close date<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Trendale Tower<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Jan 12 2023<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Charming Garden Condo<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Jan 17 2023<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Bagnall Court<\/span><\/td>\r\n<td><b>Sold<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">GSM Building<\/span><\/td>\r\n<td><b>Sold<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Meyer Park Condo<\/span><\/td>\r\n<td><b>Sold<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">GS Building<\/span><\/td>\r\n<td><b>Sold<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Kensington Park<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">February 22<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Orchard Bel Air<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">March 1<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Manhattan House<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">March 8<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Sutton Place<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">March 9<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Euro Asia Park<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">March 14<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Hoe Chiang &amp; Lim Teck Kim Road Site<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">March 22<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Horizon Towers<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">March 30<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Roselane Court<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">April 5<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Shenton House<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">April 11<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Lakeside Towers<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">April 12<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Kingsley Mansion<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">April 12<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Charming Garden<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">April 14<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Hong Heng Mansions<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">April 18<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Peninsula Excelsior Hotel<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">April 18<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Golden Mile Tower<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">May 8<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">56 to 62H Tanjong Katong Road<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">May 9<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Katong Shopping Centre<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">May 19<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Kew Lodge<\/span><\/td>\r\n<td><b>Sold<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Hoe Chiang &amp; Lim Teck Kim Road Site<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">May 31<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Casa Feliz Condo<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">June 22<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Charming Garden<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">July 10<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Shenton House<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">August 1<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Lakeside Towers<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">August 10<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Katong Shopping Centre<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">August 14<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Far East Shopping Centre<\/span><\/td>\r\n<td><b>Sold<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Island View Condo<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">October 19<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Noel Building<\/span><\/td>\r\n<td><b>Sold<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Shenton House<\/span><\/td>\r\n<td><b>Sold<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Summer Green &amp; Kingsley Mansion<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">November 22<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Pine Grove<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">November 29<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n\r\n\r\n\r\n<p><iframe loading=\"lazy\" style=\"border: none; width: 350px !important; box-shadow: 0px 2px 12px rgb(11 17 52 \/ 15%); border-radius: 16px;\" src=\"https:\/\/www.99.co\/property-value-widget?contentSource=insider-blog&amp;contentId=list-en-bloc-collective-sale-singapore-2024\" width=\"350\" height=\"370\" scrolling=\"no\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><\/span><\/iframe><\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-successful-en-bloc-sales-of-2023\" class=\"wp-block-heading\"><b>Successful En bloc sales of 2023<\/b><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Let&#8217;s take a closer look at some of the standout sales from 2023:<\/span><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-table\">\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td><b>Development<\/b><\/td>\r\n<td><b>Sold price<\/b><\/td>\r\n<td><b>Price variation from tender<\/b><\/td>\r\n<td><b>Buyer<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Noel Building<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">S$81.18 million<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">+ 17%<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Undisclosed<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Kew Lodge<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">S$66.8 million<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">+ 5%<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Aurum Land<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">GSM Building<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">S$80 million<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">-5.88%<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">LHN unit Coliwoo<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Meyer Park Condo<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\"> S$392.18 million<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">+0.559%<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">UOL and Singland<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Bagnall Court<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">S$115.28 million<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">&#8211;<\/span><span style=\"font-weight: 400;\"> 7.776%<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Roxy-Pacific Holdings<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">GS Building<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">S$67 million<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">+3.08%<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">JVA Venture\u00a0<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Far East Shopping Centre<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">S$<\/span><span style=\"font-weight: 400;\">908 million<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">-2.16%<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Du Shuanghua<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Shenton House<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">S$538 million<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">-8.81%<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Lee Yeow Seng<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n\r\n\r\n\r\n<h3 id=\"h-noel-building\" class=\"wp-block-heading\"><b>Noel Building<\/b><\/h3>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">This eight-storey building fetched a remarkable 17% above the guide price, totalling S$81.18 million. Situated at the corner of Playfair Road and Harper Road, this freehold site spans 26,792 <a href=\"https:\/\/www.99.co\/singapore\/insider\/price-per-square-foot-versus-quantum-which-is-more-important\/\" target=\"_blank\" rel=\"noreferrer noopener\">sqft<\/a> and is a rare &#8220;Business 1 \u2013 White&#8221; zoning.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The purchase price translates to S$895 psf per plot ratio, making it an attractive option for owner-occupiers eyeing corporate headquarters development.<\/span><\/p>\r\n<p style=\"border: 2px solid black; padding: 10px;\"><em><strong>Not sure how to read URA&#8217;s map?<\/strong><\/em> <em>Learn\u00a0more here:\u00a0<a href=\"https:\/\/www.99.co\/singapore\/insider\/ura-master-plan\/\" target=\"_blank\" rel=\"noreferrer noopener\">How to read and understand URA Master Plan<\/a><\/em><\/p>\r\n\r\n\r\n\r\n\r\n\r\n<h3 id=\"h-kew-lodge-nbsp\" class=\"wp-block-heading\"><b>Kew Lodge<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/h3>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Making headlines as the first <a href=\"https:\/\/www.99.co\/singapore\/insider\/property-jargon-of-the-day-en-bloc-sale\/\" target=\"_blank\" rel=\"noreferrer noopener\">en bloc sale<\/a> post-April 2023 cooling measures, Kew Lodge, a freehold residential site at Kheam Hock Road, <a href=\"https:\/\/www.businesstimes.com.sg\/property\/woh-hup-unit-buys-freehold-kew-lodge-kheam-hock-road-s668-million\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">went to Aurum Land for S$66.8 million, representing a 5% premium over the guide price<\/a>.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Zoned within a \u201cResidential\/ two-storey mixed landed\u201d area, the plot holds potential for bungalow, semi-detached, and terrace house development.<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-gsm-building\" class=\"wp-block-heading\"><b>GSM Building<\/b><\/h3>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Located at the corner of Middle Road and Waterloo Street, this commercial site saw <\/span><a href=\"https:\/\/www.businesstimes.com.sg\/companies-markets\/lhn-unit-coliwoo-buys-gsm-building-s80-million-matching-valuation\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><span style=\"font-weight: 400;\">a successful sale at S$80 million<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Comprising two retail units on the ground floor and 31 office units on the upper floors, this 12,003 sqft development is a versatile layout conducive to various business ventures.<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-meyer-park-condo-nbsp\" class=\"wp-block-heading\"><a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/former-meyer-park#:~:text=Former%20Meyer%20Park%20is%20a,to%20other%20areas%20of%20Singapore.\"><b>Meyer Park Condo<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/a><\/h3>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Positioned at 81 and 83 Meyer Road, Meyer Park Condo, <a href=\"https:\/\/www.businesstimes.com.sg\/companies-markets\/meyer-park-sold-uol-singapore-land-group-jv-s39218-million-third-en-bloc-attempt#:~:text=Meyer%20Park%20sold%20to%20UOL,Companies%20%26%20Markets%20%2D%20THE%20BUSINESS%20TIMES\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">with a land area of approximately 8,981.1 sqm, garnered S$392.18 million<\/a>.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">With a zoning for &#8216;Residential&#8217; use at a plot ratio of 2.8, the site holds the promise of maximising its gross floor area to a remarkable extent, reaching up to 25,147.08 sqm (270,681 sqft).<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-bagnall-court-nbsp\" class=\"wp-block-heading\"><a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/bagnall-court\"><b>Bagnall Court\u00a0<\/b><\/a><\/h3>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">This freehold 43-unit condominium on Upper East Coast Road was <a href=\"https:\/\/www.businesstimes.com.sg\/property\/bagnall-court-upper-east-coast-road-sold-consortium-s1153m\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">successfully sold for S$115.28 million<\/a>.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Zoned &#8216;Residential&#8217; under the 2019 Master Plan, the site is poised for a new 106-unit residential development with a minimum average size of 85 sqm.<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-gs-building-nbsp\" class=\"wp-block-heading\"><b>GS Building<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/h3>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Situated at 16, 18, and 20 Lorong Ampas, GS Building, a freehold site with Business 1 zoning, <\/span><a href=\"https:\/\/www.businesstimes.com.sg\/property\/gs-building-sold-jva-venture-s67-million\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><span style=\"font-weight: 400;\">fetched S$67 million<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">JVA Venture plans to redevelop the site into an industrial building, leveraging the city fringe location&#8217;s demand for well-designed industrial spaces.<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-far-east-shopping-centre\" class=\"wp-block-heading\"><b>Far East Shopping Centre<\/b><\/h3>\r\n\r\n\r\n\r\n<p><a href=\"https:\/\/www.channelnewsasia.com\/singapore\/far-east-shopping-centre-en-bloc-collective-sale-orchard-road-cbre-tender-3650651\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><span style=\"font-weight: 400;\">Sold for approximately S$908 million<\/span><\/a><span style=\"font-weight: 400;\">, Far East Shopping Centre is poised for repositioning into a commercial offering with retail, hospitality, office, and residential components.<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-shenton-house-nbsp\" class=\"wp-block-heading\"><b>Shenton House<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/h3>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">With a prominent triple frontage and a 99-year lease from June 2, 1969, <a href=\"https:\/\/www.businesstimes.com.sg\/property\/ioi-properties-lee-yeow-seng-snaps-shenton-house-s538-million\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Shenton House fetched S$538 million<\/a>.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Eligible for a 25% bonus gross floor area, the site holds the potential for a mixed-use development in the heart of the CBD.<\/span><\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-factors-influencing-en-bloc-sales-in-2023\" class=\"wp-block-heading\"><b>Factors influencing en bloc sales in 2023<\/b><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">You\u2019ll notice that only a handful of en bloc sales were successfully sold last year. <a href=\"https:\/\/www.99.co\/singapore\/insider\/en-bloc-property-prices-rise\/\" target=\"_blank\" rel=\"noreferrer noopener\">Despite expectations of an en bloc fever similar to what happened back in 2017<\/a>, several factors hindered the success of en bloc sales in 2023, including:<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><span style=\"font-weight: 400;\">Rising ABSD rates<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">High-interest rates<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Ample GLS site releases\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Complexity of en bloc sites compared to GLS<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><strong>Read more:<\/strong>\u00a0<a href=\"https:\/\/www.99.co\/singapore\/insider\/en-bloc-sales\/\" target=\"_blank\" rel=\"noreferrer noopener\">En bloc Sales for Dummies \u2013 What Happens when a Property goes En bloc<\/a><\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-en-bloc-launches-for-sale-in-singapore-2024\" class=\"wp-block-heading\"><b>En bloc launches for sale in Singapore 2024<\/b><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Looking ahead to 2024, here are some properties slated for en bloc sale:<\/span><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-table\">\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td><b>Property<\/b><\/td>\r\n<td><b>Tender close date<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Villa Des Flores<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">January 15 2024<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">High Street Centre<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">January 16 2024<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Island View Condo<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">April 16 2024<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Thomson View<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">April 18 2024<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Pine Grove<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">May 6 2024<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n\r\n\r\n\r\n<h3 id=\"h-island-view-condo\" class=\"wp-block-heading\"><b>Island View Condo<\/b><\/h3>\r\n\r\n\r\n\r\n<p><iframe loading=\"lazy\" style=\"border: 0;\" src=\"https:\/\/www.google.com\/maps\/embed?pb=!1m18!1m12!1m3!1d3988.82368640643!2d103.78892707480344!3d1.2793863987084524!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x31da1bba1176f5b3%3A0x4882f2fc1a716d02!2sIsland%20View!5e0!3m2!1sen!2smy!4v1710325065342!5m2!1sen!2smy\" width=\"600\" height=\"450\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">This freehold condominium in Pasir Panjang has a reserve price of S$532 million. With a land rate of around <\/span><a href=\"https:\/\/www.businesstimes.com.sg\/property\/island-view-relaunches-en-bloc-sale-with-plans-to-cut-price-from-s-575-million-to-s-532-million\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><span style=\"font-weight: 400;\">S$1,542 per square foot per plot ratio<\/span><\/a><span style=\"font-weight: 400;\">, inclusive of a 7 per cent bonus for balconies and the land betterment charge (LBC).<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Under the Urban Redevelopment Authority\u2019s Master Plan 2019, the site is designated for residential use, with an allowable gross plot ratio of 1.4 and a building height control of up to five storeys.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">With an average unit size of around 1,076 sqft, a potential redevelopment project could yield up to 402 new homes, catering to the housing needs of the community.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Constructed in 1984, the condominium sits on a vast 309,543 sqft plot along Jalan Mat Jambol in <a href=\"https:\/\/www.99.co\/singapore\/sale\/districts\/d5\" target=\"_blank\" rel=\"noreferrer noopener\">District 5<\/a>. Positioned on elevated ground just 330 metres from <a href=\"https:\/\/www.99.co\/singapore\/sale\/mrts\/pasir-panjang\" target=\"_blank\" rel=\"noreferrer noopener\">Pasir Panjang MRT station<\/a>, the 72-unit development offers convenience and accessibility to residents.<\/span><\/p>\r\n<p style=\"border: 2px solid black; padding: 10px;\"><em><strong>Keen on learning if your property has <a href=\"https:\/\/www.99.co\/singapore\/glossary\/understanding-en-bloc-potential-in-singapore\/\" target=\"_blank\" rel=\"noreferrer noopener\">en bloc potential<\/a>?<\/strong> Have a read at our article here:\u00a0<a href=\"https:\/\/www.99.co\/singapore\/insider\/what-are-en-bloc-sales\/\" target=\"_blank\" rel=\"noreferrer noopener\">En bloc sales \u2013 How does it work?<\/a><\/em><\/p>\r\n\r\n\r\n\r\n\r\n\r\n<h3 id=\"h-thomson-view\" class=\"wp-block-heading\"><b>Thomson View<\/b><\/h3>\r\n\r\n\r\n\r\n<p><iframe loading=\"lazy\" style=\"border: 0;\" src=\"https:\/\/www.google.com\/maps\/embed?pb=!1m14!1m8!1m3!1d15954.800144781482!2d103.8307857!3d1.3565859!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x31da174f923e20dd%3A0x4023c73a2bf3e4e8!2sThomson%20View!5e0!3m2!1sen!2smy!4v1710325108277!5m2!1sen!2smy\" width=\"600\" height=\"450\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Thomson View Condominium has once again entered the collective sale market, this time with a reduced reserve price of S$918 million, down from the previous price tags of S$950 million in 2022 and the preceding year.<\/span><\/p>\r\n\r\n\r\n\r\n<p><a href=\"https:\/\/www.businesstimes.com.sg\/property\/thomson-view-relaunched-en-bloc-sale-lower-s918-million-reserve-price\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><span style=\"font-weight: 400;\">The adjusted reserve price reflects a land rate of S$1,282 per square foot per plot ratio (psf ppr), which includes an additional 7 per cent bonus gross floor area<\/span><\/a><span style=\"font-weight: 400;\"> and the land betterment charge aimed at intensifying land use.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Situated in an area zoned for &#8220;residential&#8221; use with a plot ratio of 2.1, Thomson View has the potential to yield a gross floor area of 112,792 sqm. This capacity could accommodate approximately 1,240 residential units, based on an average apartment size of 85 sqm.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Unlike previous attempts, the sale of Thomson View will not necessitate a pre-application feasibility study, streamlining the process for interested parties and potentially expediting the sale timeline.<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-pine-grove\" class=\"wp-block-heading\"><b>Pine Grove<\/b><\/h3>\r\n\r\n\r\n\r\n<p><iframe loading=\"lazy\" style=\"border: 0;\" src=\"https:\/\/www.google.com\/maps\/embed?pb=!1m14!1m8!1m3!1d15955.051118750118!2d103.7733169!3d1.3179779!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x31da1a87c5c33f61%3A0x4675ef19212d9002!2sPine%20Grove!5e0!3m2!1sen!2smy!4v1710325126709!5m2!1sen!2smy\" width=\"600\" height=\"450\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Set for collective sale with a reserve price of S$1.78 billion, Pine Grove aims to capitalise on its massive plot and favourable zoning. With a land rate of about <\/span><a href=\"https:\/\/www.businesstimes.com.sg\/property\/pine-grove-owners-lower-reserve-price-s178-billion-fifth-en-bloc-attempt\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><span style=\"font-weight: 400;\">S$1,335 per square foot per plot ratio, the site holds significant redevelopment potential<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Located off Ulu Pandan Road, the expansive 660-unit development is strategically situated within 1 kilometre of Henry Park Primary School and nestled in the esteemed residential enclave of <a href=\"https:\/\/www.99.co\/singapore\/sale\/districts\/d21\" target=\"_blank\" rel=\"noreferrer noopener\">District 21<\/a>. Pine Grove enjoys a coveted location in the heart of a prime residential neighbourhood.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The sprawling 893,219 sqft site, featuring a plot ratio of 2.1, presents immense redevelopment potential, paving the way for a new private condominium comprising approximately 2,050 residential units.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">This en bloc round marks Pine Grove&#8217;s fifth collective sale attempt since 2008.<\/span><\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-stay-tuned-for-more-updates-on-the-en-bloc-sales-in-singapore-as-2024-unfolds-otherwise-get-real-time-lands-sales-updates-here\" class=\"wp-block-heading\"><b>Stay tuned for more updates on the en bloc sales in Singapore as 2024 unfolds. Otherwise, <a href=\"https:\/\/www.99.co\/singapore\/property-agent-hub\/land-sales-en-bloc-data\" target=\"_blank\" rel=\"noreferrer noopener\">get real-time lands sales updates here<\/a>.<\/b><\/h2>\r\n","protected":false},"excerpt":{"rendered":"<p>In recent weeks, we&#8217;ve been diving into various aspects of Singapore&#8217;s property market, exploring upcoming new launches of the year, HDB BTOs reaching MOP in 2024, and ECs due to reach MOP in 2024 and 2025.\u00a0 Today, we&#8217;re shifting our focus to the en bloc sales in Singapore for 2024. But before we cover what&#8217;s&hellip;<\/p>\n","protected":false},"author":141,"featured_media":73513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"no","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53653,53738,57131],"tags":[53960,58654,53604,55481,58656,58655,55845,53851,53740,58653,55777],"persona":[57126,57128],"class_list":{"2":"type-post","23":"entry","24":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>List of En bloc (Collective sale) in 2024, Latest En Bloc in Singapore &amp; Recently Launched En Bloc<\/title>\n<meta name=\"description\" content=\"Discover the latest updates on En bloc sales in Singapore for 2024, including successful sales from 2023 and upcoming launches.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.99.co\/singapore\/insider\/list-en-bloc-collective-sale-singapore-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"List of En Bloc (Collective Sale) in Singapore 2024\" \/>\n<meta property=\"og:description\" content=\"Discover the latest updates on En bloc sales in Singapore for 2024, including successful sales from 2023 and upcoming launches.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.99.co\/singapore\/insider\/list-en-bloc-collective-sale-singapore-2024\/\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/99dotco\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-13T10:42:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-07T10:39:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/03\/list-en-bloc-collective-sale-singapore-2024.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sophiyanah David\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@99dotco\" \/>\n<meta name=\"twitter:site\" 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