List of En bloc (Collective sale) in Singapore 2024

In recent weeks, we’ve been diving into various aspects of Singapore’s property market, exploring upcoming new launches of the year, HDB BTOs reaching MOP in 2024, and ECs due to reach MOP in 2024 and 2025. 

Today, we’re shifting our focus to the en bloc sales in Singapore for 2024.

But before we cover what’s brewing for the year, let’s take a quick look back at the en bloc scene in 2023, highlighting the sales that were successfully sold.

Full list of en blocs that were launched in 2023

Here’s a rundown of the en bloc properties that hit the market in 2023:



Successful En bloc sales of 2023

Let’s take a closer look at some of the standout sales from 2023:

Noel Building

This eight-storey building fetched a remarkable 17% above the guide price, totalling S$81.18 million. Situated at the corner of Playfair Road and Harper Road, this freehold site spans 26,792 sqft and is a rare “Business 1 – White” zoning. 

The purchase price translates to S$895 psf per plot ratio, making it an attractive option for owner-occupiers eyeing corporate headquarters development.

Not sure how to read URA’s map? Learn more here: How to read and understand URA Master Plan

Kew Lodge 

Making headlines as the first en bloc sale post-April 2023 cooling measures, Kew Lodge, a freehold residential site at Kheam Hock Road, went to Aurum Land for S$66.8 million, representing a 5% premium over the guide price. 

Zoned within a “Residential/ two-storey mixed landed” area, the plot holds potential for bungalow, semi-detached, and terrace house development.

GSM Building

Located at the corner of Middle Road and Waterloo Street, this commercial site saw a successful sale at S$80 million. 

Comprising two retail units on the ground floor and 31 office units on the upper floors, this 12,003 sqft development is a versatile layout conducive to various business ventures.

Meyer Park Condo 

Positioned at 81 and 83 Meyer Road, Meyer Park Condo, with a land area of approximately 8,981.1 sqm, garnered S$392.18 million. 

With a zoning for ‘Residential’ use at a plot ratio of 2.8, the site holds the promise of maximising its gross floor area to a remarkable extent, reaching up to 25,147.08 sqm (270,681 sqft).

Bagnall Court 

This freehold 43-unit condominium on Upper East Coast Road was successfully sold for S$115.28 million. 

Zoned ‘Residential’ under the 2019 Master Plan, the site is poised for a new 106-unit residential development with a minimum average size of 85 sqm.

GS Building 

Situated at 16, 18, and 20 Lorong Ampas, GS Building, a freehold site with Business 1 zoning, fetched S$67 million. 

JVA Venture plans to redevelop the site into an industrial building, leveraging the city fringe location’s demand for well-designed industrial spaces.

Far East Shopping Centre

Sold for approximately S$908 million, Far East Shopping Centre is poised for repositioning into a commercial offering with retail, hospitality, office, and residential components.

Shenton House 

With a prominent triple frontage and a 99-year lease from June 2, 1969, Shenton House fetched S$538 million. 

Eligible for a 25% bonus gross floor area, the site holds the potential for a mixed-use development in the heart of the CBD.

Factors influencing en bloc sales in 2023

You’ll notice that only a handful of en bloc sales were successfully sold last year. Despite expectations of an en bloc fever similar to what happened back in 2017, several factors hindered the success of en bloc sales in 2023, including:

• Rising ABSD rates
• High-interest rates
• Ample GLS site releases 
• Complexity of en bloc sites compared to GLS

Read more: En bloc Sales for Dummies – What Happens when a Property goes En bloc

En bloc launches for sale in Singapore 2024

Looking ahead to 2024, here are some properties slated for en bloc sale:

Island View Condo

This freehold condominium in Pasir Panjang has a reserve price of S$532 million. With a land rate of around S$1,542 per square foot per plot ratio, inclusive of a 7 per cent bonus for balconies and the land betterment charge (LBC).

Under the Urban Redevelopment Authority’s Master Plan 2019, the site is designated for residential use, with an allowable gross plot ratio of 1.4 and a building height control of up to five storeys. 

With an average unit size of around 1,076 sqft, a potential redevelopment project could yield up to 402 new homes, catering to the housing needs of the community.

Constructed in 1984, the condominium sits on a vast 309,543 sqft plot along Jalan Mat Jambol in District 5. Positioned on elevated ground just 330 metres from Pasir Panjang MRT station, the 72-unit development offers convenience and accessibility to residents.

Keen on learning if your property has en bloc potential? Have a read at our article here: En bloc sales – How does it work?

Thomson View

Thomson View Condominium has once again entered the collective sale market, this time with a reduced reserve price of S$918 million, down from the previous price tags of S$950 million in 2022 and the preceding year.

The adjusted reserve price reflects a land rate of S$1,282 per square foot per plot ratio (psf ppr), which includes an additional 7 per cent bonus gross floor area and the land betterment charge aimed at intensifying land use.

Situated in an area zoned for “residential” use with a plot ratio of 2.1, Thomson View has the potential to yield a gross floor area of 112,792 sqm. This capacity could accommodate approximately 1,240 residential units, based on an average apartment size of 85 sqm.

Unlike previous attempts, the sale of Thomson View will not necessitate a pre-application feasibility study, streamlining the process for interested parties and potentially expediting the sale timeline.

Pine Grove

Set for collective sale with a reserve price of S$1.78 billion, Pine Grove aims to capitalise on its massive plot and favourable zoning. With a land rate of about S$1,335 per square foot per plot ratio, the site holds significant redevelopment potential.

Located off Ulu Pandan Road, the expansive 660-unit development is strategically situated within 1 kilometre of Henry Park Primary School and nestled in the esteemed residential enclave of District 21. Pine Grove enjoys a coveted location in the heart of a prime residential neighbourhood.

The sprawling 893,219 sqft site, featuring a plot ratio of 2.1, presents immense redevelopment potential, paving the way for a new private condominium comprising approximately 2,050 residential units. 

This en bloc round marks Pine Grove’s fifth collective sale attempt since 2008.

Stay tuned for more updates on the en bloc sales in Singapore as 2024 unfolds. Otherwise, get real-time lands sales updates here.