Is it worth buying a property before it goes en-bloc? Here's what past data suggests
126 Special shoutout to the Sun Rosier deal as the owner made 101per cent even after factoring the SSD in 6 months. As you can see, it’s possible to profit off an en-bloc sale, even taking into account the SSD. This was why, in 2017 or prior, it wasn’t uncommon for investors to show interest even in very old properties (or sometimes, interest because the property was old). However, we should note that 2017 was an exceptional year, and there have been many changes since In 2017, local and foreign developers were both competing to build their land banks. This resulted in an en-bloc fever, w...
Source: asiaone.com