Analysts Louis Chua, Nicholas Teh and Terrence Lee believe the market is “on the cusp of a virtuous en-bloc cycle”. They point out that 10 residential en-bloc deals worth $354 million were executed in the last 12 months, with another 18 more projects in the pipeline totalling more than $7.3 billion.
Credit Suisse believes en-bloc momentum will pick up in the coming month, easing developers’ land bank concerns.
