Despite Government release more land sales in the past and many units awaiting to TOP in the coming months, older projects are still looking at collective sales.
As long as the price is collective sale is right and the plot ratio of the project increases; potential in the project will draw developers into the market.
In short, as long as the collective sale can be present to developer that it makes more sense else developer might just go for government land sales which is more straight forward.
Euro-Asia Apartments eyes collective sale
A collective sale tender for Euro- Asia Apartments in Serangoon Road is likely to be launched in April next year. William Gan Realty, the agent marketing the sale, said that so far, about 60 per cent of owners have agreed to proceed with the sale. Signing of the collective sale agreement is in progress, with consent from 80 per cent of the owners required before the sale can be launched. Read More
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