En bloc changes: More redevelopment of ageing condos, reuse of old buildings yield benefits
As private non-landed homes age, a vibrant collective sales market helps optimise land use
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[SINGAPORE] Might the buzz be returning to the en bloc market for property deals?
Last month, Kingsford Group signed a deal to buy freehold Tan Boon Liat Building for S$950 million – likely the largest collective sale transaction in Singapore year-to-date, according to Cushman & Wakefield.
The industrial warehouse and showroom landmark located at the crossroads of Outram Road and Zion Road can be redeveloped into a residential-led development.
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