More commercial sites eyeing collective sales

Owners at Verdun House (left), a commercial site near Farrer Park MRT station, are asking for $60 million, while no indicative reserve price has been set yet for Realty Centre In Tanjong Pagar.
Owners at Verdun House, a commercial site near Farrer Park MRT station, are asking for $60 million, while no indicative reserve price has been set yet for Realty Centre In Tanjong Pagar.PHOTOS: SINGAPORE REALTORS INC, CUSHMAN & WAKEFIELD
Owners at Verdun House (left), a commercial site near Farrer Park MRT station, are asking for $60 million, while no indicative reserve price has been set yet for Realty Centre In Tanjong Pagar.
Owners at Verdun House, a commercial site near Farrer Park MRT station, are asking for $60 million, while no indicative reserve price has been set yet for Realty Centre In Tanjong Pagar.PHOTOS: SINGAPORE REALTORS INC, CUSHMAN & WAKEFIELD

More commercial developments are jumping onto the collective sale bandwagon even as the success rate for such deals pales in comparison with that for residential developments.

So far this year, there has been no commercial sites sold en bloc, with all 15 collective sale sites sold being residential developments.

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A version of this article appeared in the print edition of The Straits Times on March 26, 2018, with the headline 'More commercial sites eyeing collective sales'. Print Edition | Subscribe