Potential next en bloc in Singapore.

To identify potential en bloc sales in Singapore, several factors are considered, including the age of the property, the remaining lease tenure, the condition of the building, and the willingness of the majority of owners to sell.

Here are some points to consider for potential en bloc sales:

Age and Lease Tenure

Properties that are older or have a shorter remaining lease tenure are more likely to be considered for en bloc sales. For example, properties with 99-year leases that are nearing the end of their lease period might be more attractive for collective sales.

Market Demand

Areas with high demand for new developments and limited land supply are more likely to see en bloc activities. Districts such as the Core Central Region (CCR), Rest of Central Region (RCR), and certain parts of the Outside Central Region (OCR) with good connectivity and amenities are often in focus.

Recent Trends

Properties that have recently undergone en bloc sales, such as Chuan Park in District 19, which was sold for $890 million in July 2022, can indicate areas where developers are actively looking for land.

Owner Sentiment

The willingness of a significant majority of owners (typically 80% or more) to sell is crucial for an en bloc sale to proceed. Properties where owners have shown interest in collective sales in the past but were unsuccessful might still be potential candidates.

Upcoming Developments

Areas with upcoming new launches and significant development plans, such as the Tampines and Pasir Ris areas, or the Lentor Central area, might see increased interest in en bloc sales as developers seek to replenish their land banks.

Keep an eye on properties in mature estates with aging buildings and those located in areas with strong development potential. These factors can indicate which properties might be next in line for en bloc sales.