Comparing with current en bloc deal at Pine Grove only sealed at $1.65 billion, Braddell View's enbloc deal at $2billion was a steal. Each unit proprietor will then stand to get an average of more than $2 million. With over 1.125 million sq feet of growth area, it still has 63 years left of its 99-year lease. The property site has a 2.1 plot ratio and would comfortably house a brand new advancement of as much as 3,000 units. The cumulative sale committee began the procedure pursuing obtaining 82% ballot from its 400 responses to market the home en bloc. While the home has a great deal of potential with its distance to the Braddell, Marymount and Caldecott MRT stations, the estate is instead proceeding with age.
The last boom in the cumulative sale market was back in 2007. Throughout this moment, plots where new condos such as The Interlace as well as d'Leedon now stand were sold. As large and also excellent as these developments are, unsold devices remain. With cumulative sales, the time factor is vital. There is competition now from various other sites being marketed en bloc, such as Parc Botannia project site, as well as potentially competition in the future. Will this year's rise in en bloc sales be a favorable thing a few years later on? Just how will the access of that many brand-new units affect the market?