Collective sales in Singapore see surge in 2016
Collective sales in 2016 report almost double of sales in 2015 despite the decrease in land supply at the biannual sales programme. So far, there have been 2 en bloc deals transacted at a total value of S$671.25 million from residential estates Shunfu Ville and Harbour View Gardens. Compared to last year, the only transaction worth S$380 million came from Thong Sia Building. A decrease in land supply under the Government Land Sales (GLS) programme led to stiffer competition for