Here's Another Positive Sign for Singapore Property Bulls

Singapore property bulls rejoice: en-bloc sales, or redevelopment deals in which a group of owners band together to sell apartment blocks at a hefty premium, are at a 10-year high. On the back of a spate of deals last week, en-bloc sales have totaled more than S$5 billion ($3.8 billion) this year, according to estimates by OCBC Investment Research. The previous peak in 2007 saw an annual figure of S$11.5 billion.

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