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What does the recent spurt in en-bloc sales mean?

Broker's Calls

What does the recent spurt in en-bloc sales mean?

Benjamin Cher Published on Fri, Oct 07, 2016 / 2:41 PM GMT+8

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SINGAPORE (Oct 7): A rise in the number of en-bloc sales is signalling property developers are hungry for land amid a dearth in land bank supply, according to DBS Research.

The UOL/UIC acquisition of Raintree Gardens in Potong Pasir for $334 million is the second en-bloc sale this year, says lead analyst Rachel Tan in a Friday report.

The sale follows Shunfu Ville’s en-bloc sale for $639 million earlier this year, which was the first en-bloc sale in nine years.

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