Most affordable condos with en bloc potential in Singapore's prime districts

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The collective sale fever is back, and deals have been flowing thick and fast in the past two months. So far in 2017, there have been eight successful collective sales – including that of Citimac Industrial Building – at a total value of approximately $3.5 billion. This exceeds all three deals done in 2016 by far.
In a previous article, we used our logit model to identify condos with the highest probability of being put up for collective sale. Based on the model, we found that the following variables can affect a condo’s probability of being put up for collective sale:
• Age (older developments have a higher probability);
• Number of units in the development (smaller developments have a higher probability); and
• Plot ratio enhancement.
Meanwhile, tenure (freehold versus leasehold) and location (whether the property is located in the Central Region or Non-Central Region) were found to be statistically insignificant at 5% level.
Using the absolute value of sales transactions between 2014 and 2017 as a guide, we take a look at the most affordable non-landed residential developments with en bloc potential within the core central region (CCR).
D10 – Tanglin
396 units
Completed in 1985
Average price: $1,697 psf
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Sommerville Park is tucked away from the main road of Farrer Road and is surrounded by mature foliage. The freehold condo is located just 585m away from Farrer Road MRT station.
A 4,201 sq ft unit at Sommerville Park is currently up for sale on EdgeProp.sg for $5.75 million, or $1,369 psf. Meanwhile, a 1,926 sq ft unit is listed at $3.2 million ($1,661.50 psf). The latest transaction in the development was on July 2017, when a 1,302 sq ft unit fetched $1.83 million or $1,405 psf. So far, there...