The 43-year-old Cashew Park Condominium offers a glimpse into today’s en bloc market, where ageing estates wrestle with rising maintenance costs and the challenge of rounding up enough owners for a collective sale
A successful en bloc sale can turn an ageing condominium into a multi-million-dollar windfall for its owners. Yet in today’s property market, many collective sale attempts fail to reach that stage. Even as speculation mounts over a potential lowering of Singapore’s en bloc consent threshold, the question remains: Will easing the rules be enough to revive a market that has remained largely dormant since the 2017-2018 boom?
