Singapore is in the throes of en bloc fever. Since the end of 2016, there have been about 50 to 60 residential projects sold collectively, or en bloc, to developers to be knocked down and redeveloped into new units.

Many of these fetched record high prices at public tenders and private collective sales as developers rushed to replenish their land banks in a market that is rapidly heating up. The total value of these sites have netted a whopping $15 billion so far.