Singapore property prices tick up but developers may face difficulty raising prices by much

-A +A

SINGAPORE (Nov 13): Amber Park, a 31-year-old freehold condominium in east Singapore, was snapped up at an eye-watering S$906.7 million in a collective sale early last month. Real estate industry commentators have now begun to herald in earnest the return of en bloc season, a decade after the last peak, and a turn of the housing market.

In 2007, 111 en bloc transactions worth nearly S$11 billion took place. There have been 14 sales worth S$5.4 billion in the five-month period to October this year, according to real estate consultants Colliers International Singapore. Its analysts believe the current wave will continue into...(click on link for full story on theedgesingapore.com)