#12: En-bloc Expert Reveals the Cause of Soaring Land Prices!

The PropertyLimBrothers team delves into how developers purchase land, specifically through en bloc sales. To help us understand, we brought in en bloc expert, Mr. Karamjit Singh, CEO of Showsuite and Delasa, to share his insights on this hot topic amongst private property owners. Breaking it down to 3 different perspectives, see through the lenses of existing owners in project with en bloc potential, learn what attracts developers to bid on specific land plots, as well as the risk involved, especially for individual retail home purchasers.

With attributes like GFA and ABSD, strap in and find out what are the many factors that influence the en bloc market, all on this week’s episode of Nuggets On The Go Banter Series!

(00:00:00 Introduction
(00:03:11) When does en bloc happen?
(00:05:12) Karamjit real estate journey
(00:06:33) Will there be another huge en bloc that will happen?
(00:07:52) En bloc sale for Mandarin Gardens & Braddell View
(00:09:51) En bloc sales process (For Existing Owners)
(00:14:43) How many years is a cycle? (Mega & Mini)
(00:16:54) Remaining HUDC properties
(00:19:22) Will a developer prefer GLS over en blocs?
(00:20:52) 2023 GLS New Launches
(00:21:15) GLS pricing prediction
(00:28:58) Does it take a lot of effort for the current owners?
(00:34:25) Number of Sales Committee
(00:37:20) What should you do if you're an home owner in Euro-Asia Park?
(00:42:32) What profit margin do developers prefer before moving forward with an en bloc?
(00:47:37) What attract developers to bid for a project?
(00:53:00) Only one bidder for Lentor Gardens
(00:57:42) Are mixed use development projects more attractive for developers?
(01:02:25) Being a first owner does it factor into en bloc sales?
(01:05:27) How long is the tender open for?
(01:06:43) Third time is the charm for en blocs
(01:11:49) Pricing for Landed, Private, and HDB
(01:23:15) US Bank Crisis
(01:26:53) Will home ownership reduce in the future?
(01:29:42) Advice for young people
(01:33:21) Conclusion
(01:34:19) Bloopers

Watch the video on our NOTG YouTube Channel:
https://youtu.be/Df9YRX25Eyo