Originally Posted by
DKSG
I beg to differ that this is not a concern.
I believe en bloc sales is the beginning of price movements upwards.
The previous en bloc fever that went on for 1-2 years results in sharp increase in property prices. Dont think I need to explain the mechanics here how en bloc feeds price appreciation.
So, while I agree that many en bloc seeking buyers is NOT a concern, if these plots gets purchased, then we cannot ignore this trend.
Developers replenishing land banks are higher prices is an indication of their confidence in the market.
Just my 1.35 cents of opinion.
DKSG