3 en bloc bids hit by weaker sentiment as property cooling measures take their toll

PropNex pulls out of marketing Boonview and Le Wilkie; Pasir View Park shelves its bid

The PropNex team believes the Boonview (left) and Le Wilkie projects could possibly fetch better prices due to their good locations once market sentiment improves.
The PropNex team believes the Boonview (above) and Le Wilkie projects could possibly fetch better prices due to their good locations once market sentiment improves. ST PHOTO: JONATHAN CHOO
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The latest property cooling measures have taken their toll on plans by at least three freehold projects to sell en bloc, with a marketing agent resigning from two, while a third has shelved plans for a sale.

PropNex, the marketing agent of Boonview in Marymount Terrace and Le Wilkie in Wilkie Road, has resigned from handling their collective sales, while Pasir View Park in Pasir Panjang has shelved its first attempt to sell en bloc after the new measures kicked in on July 6.

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A version of this article appeared in the print edition of The Straits Times on August 13, 2018, with the headline 3 en bloc bids hit by weaker sentiment as property cooling measures take their toll. Subscribe