>

>

Most of 4,000 units sold en bloc in past three years above 30 years old: MND

By Angela Teo

/ EdgeProp |

February 7, 2018 5:23 PM SGT

Join our Telegram channel and follow our Facebook for the latest update.

At a Parliament session on Feb 6, minister for national development Lawrence Wong said that 6%, or about 240 units, of the approximately 4,000 units sold en bloc in the last three years were less than 30 years old.

This was in response to a query from member of parliament (MP) Lee Bee Wah on the age of en bloc developments sold in the past three years, and whether the Ministry of National Development (MND) would consider setting a minimum age for developments to qualify for an en bloc sale.

Of the 40 developments sold en bloc in the past three years, 13 were less than 30 years old at the point of sale. However, Wong notes that most of them were more than 20 years old at the time of sale, and were small developments with less than 20 units each.

Wong was also asked by MP Henry Kwek if MND would consider working with Airbnb to come up with “a meaningful way of regulating private homes from being rented out”. In response, Wong said that “there is scope to allow short-term accommodations in Singapore, subject to proper safeguards and controls”.

He adds that MND is working out these regulatory parameters and will consult the public on proposed measures before finalising them.

Stay updated with En Bloc Singapore - Latest News, Enbloc Potential, Listings & Sales in 2021

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

Luxury living in the new heart of Bukit Timah

5

Grandson of Genting Group founder leads Cover Projects, carves niche in Singapore’s heritage properties

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00