How bad is the collective sale market?
September 8, 2026
Thanks to the ever rising developer ABSD, Singapore’s residential collective sale market went from boom to doom.
After the collective sale bull market in 2017-8, only three large-size old condos (Chuan Park, Thomson View and Loyang Valley) managed to sell en bloc in recent years.
• 2017: 31 deals closed totaling $8.5 billion
• 2018: 36 deals closed totaling $10.3 billion
:
• 2022: Chuan Park $890 million
• 2023: Meyer Park $392.18 million
• 2024: Thomson View $810 million
• 2025: (no large en bloc deal)
• 2026: Loyang Valley $880 million
1. Loyang Valley
After trying three times in four years, owners of Loyang Valley finally managed to close the deal in April this year. But this was after slashing $100 million off the original asking price.
2. Thomson View
In October 2024, Thomson View sold collectively after five failed attempts in 12 years. But minority owners were not happy with the low price (after a discount of $108 million off the original asking price). Joint developers UOL, SingLand and CapitaLand took another year to obtain acquisition approval from the High Court... read more