En-Bloc Watch — Q2 2021

Guide Updated
Key Takeaways
  • 888 leasehold condos scored on a 0-100 en-bloc feasibility scale.
  • Top candidate: HIGH STREET CENTRE with a score of 94/100.
  • 37 condos rated High potential (65+); average score across all condos is 38.
  • Scores are based on building age, lease remaining, unit count, location segment, and plot ratio.

En-Bloc Landscape — Q2 2021

This quarterly analysis scores every leasehold condominium in Singapore on a 0-100 en-bloc feasibility scale, based on five key factors: building age, lease remaining, unit count, location segment, and redevelopment potential. The data is sourced from URA property records.

888
Leasehold Condos Scored
37
High Potential (65+)
355
Moderate (40-64)
496
Low (<40)

Score Distribution

How Singapore's leasehold condos are distributed across en-bloc feasibility tiers:

Score RangeVerdictCountShare
80-100High50.6%
65-79High323.6%
50-64Moderate16118.1%
40-49Moderate19421.8%
20-39Low40345.4%
0-19Low9310.5%
Risk Warning
A high en-bloc feasibility score does not guarantee a collective sale will proceed. Success depends on owner consensus (80-90%), developer appetite, and market conditions. Always consult a property lawyer before making investment decisions based on en-bloc potential.

Top 20 En-Bloc Candidates

The highest-scoring leasehold condos this quarter, ranked by en-bloc feasibility:

#CondoDistrictAgeUnitsLease LeftScoreSales (Q)
1HIGH STREET CENTRED6 (CCR)57 yrs6542 yrs94
2PEACE MANSIOND9 (CCR)50 yrs4243 yrs941
3PEOPLE&#039;S PARK CENTRED1 (RCR)52 yrs12043 yrs851
4INTERNATIONAL PLAZAD2 (CCR)50 yrs21043 yrs841
5ORCHARD BEL AIRD10 (CCR)42 yrs7153 yrs83
6PEOPLE&#039;S PARK COMPLEXD1 (RCR)56 yrs28841 yrs795
7THE SIERRAD10 (CCR)28 yrs6010 yrs79
8HILLCREST ARCADIAD11 (CCR)46 yrs27248 yrs798
9THE ARCADIAD11 (CCR)43 yrs16452 yrs794
10COLCHESTER PARKD19 (OCR)35 yrs2229 yrs78
11SILVER HILLD19 (OCR)38 yrs289 yrs781
12BEAUTY WORLD CENTRED21 (RCR)42 yrs8052 yrs782
13KISMIS COURTD21 (RCR)41 yrs1154 yrs78
14LAKESIDE TOWERD22 (OCR)45 yrs14448 yrs753
15RIVERWALK APARTMENTSD1 (RCR)36 yrs11853 yrs743
16SHERWOOD TOWERD21 (RCR)46 yrs26949 yrs743
17HORIZON TOWERSD9 (CCR)42 yrs21152 yrs731
18HIGH POINTD9 (CCR)53 yrs59N/A72
19BALMORAL TOWERD10 (CCR)46 yrs34N/A72
20FERNHILL COURTD10 (CCR)45 yrs18N/A72

Score is out of 100. "Sales (Q)" shows the number of resale transactions for this condo during the quarter. A dash (—) means no transactions recorded.

Analysis by Market Segment

En-bloc candidates grouped by URA market segment:

SegmentTotalHighModerateLowMedian Score
CCR (Core Central Region)213261434444
RCR (Rest of Central Region)20377112539
OCR (Outside Central Region)472414132734

The CCR (Core Central Region) has the highest concentration of high-potential en-bloc candidates, driven by premium land values in prime districts that make redevelopment economically attractive for developers.

📊Explore En-Bloc Scores on Dashboard

District Breakdown

Top districts by number of high-potential (65+) en-bloc candidates:

DistrictNameTotal CondosHigh PotentialMedian Score
District 10 (Ardmore, Bukit Timah, Holland Road, Tanglin)Ardmore, Bukit Timah, Holland Road, Tanglin841453
District 9 (Orchard, Cairnhill, River Valley)Orchard, Cairnhill, River Valley50544
District 11 (Watten Estate, Novena, Thomson)Watten Estate, Novena, Thomson36550
District 1 (Raffles Place, Cecil, Marina, People's Park)Raffles Place, Cecil, Marina, People's Park16334
District 21 (Upper Bukit Timah, Clementi Park, Ulu Pandan)Upper Bukit Timah, Clementi Park, Ulu Pandan35337
District 19 (Serangoon Garden, Hougang, Punggol)Serangoon Garden, Hougang, Punggol125234
District 6 (High Street, Beach Road)High Street, Beach Road2158
District 2 (Anson, Tanjong Pagar)Anson, Tanjong Pagar11135
District 22 (Jurong)Jurong24135
District 17 (Loyang, Changi)Loyang, Changi25147

Sales Activity in High-Potential Condos

Are buyers targeting en-bloc candidates? This section compares transaction activity in high-scoring vs low-scoring condos.

43
Sales in High-Score Condos
↑ 437.5% MoM
647
Sales in Moderate-Score Condos
5,270
Sales in Low-Score Condos

Of the 5,960 leasehold condo sales this quarter, 0.7% occurred in condos with a High en-bloc feasibility score. The relatively low share indicates that en-bloc potential is not a primary driver of buyer demand this quarter.

Most-Traded High-Potential Condos

CondoDistrictScoreSalesAvg PSF
HILLCREST ARCADIAD11798$1,011 psf
PEOPLE&#039;S PARK COMPLEXD1795$1,027 psf
UE SQUARED9655$1,799 psf
THE ARCADIAD11794$974 psf
LAKESIDE TOWERD22753$595 psf

The En-Bloc Process: Key Steps

1
CSC Formation (1-3 months)

Owners form a Collective Sale Committee (CSC) via an EOGM with at least 30% quorum. The CSC is the official body to drive the en-bloc process.

2
Appoint Marketing Agent (1-2 months)

The CSC appoints a property consultancy to handle valuations, marketing, and negotiations with potential developers.

3
Collective Agreement (6-12 months)

Owners sign the Collective Sale Agreement (CSA). The CSC must secure consent from owners holding at least 80% (if building is 10+ years old) or 90% of share values.

4
STB Application (2-6 months)

Once the consent threshold is met and a buyer secured, the CSC applies to the Strata Titles Board (STB) for a collective sale order.

5
Completion (3-6 months)

After STB approval, the sale completes and owners receive their share of the sale proceeds. Owners typically have 6 months to vacate.

Historical En Bloc Context

Editorial analysis for this section is being prepared.

Property Investment Basics Quiz

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Scoring Methodology

The en-bloc feasibility score rates each leasehold condo on a 0-100 scale using five weighted factors:

FactorMax PointsWhy It Matters
Building Age30Older buildings have higher land-to-building value ratios, making demolition viable
Lease Remaining25Shorter leases create urgency for owners and lower acquisition costs for developers
Unit Count20Fewer units = easier to reach 80% consent threshold
Location15Prime segments (CCR) command higher land values and developer bids
Plot Ratio10Higher allowable density means more sellable area after redevelopment

Verdicts: High (65-100) — strong candidate; Moderate (40-64) — some potential; Low (0-39) — unlikely in near term.

Note: Plot ratio data is not available in the current dataset. A mid-range assumption of 4/10 points is applied uniformly. Actual plot ratios vary by site and can be verified on the URA Master Plan.

Methodology & Sources

This analysis covers Quarterly and is updated every quarter.

Transaction data sourced from URA REALIS.

  • En-bloc feasibility scoring mirrors the methodology used on ShiokNest condo detail pages.
  • The collective sale process is governed by the Land Titles (Strata) Act.

Median values used to minimize outlier impact. PSF = price per square foot.

Frequently Asked Questions

What is en bloc (collective sale)?
An en-bloc sale, or collective sale, is when all unit owners in a development sell the entire property to a developer as a single transaction. The developer typically demolishes the existing building and redevelops the site. This is governed by the Land Titles (Strata) Act in Singapore.
How is the en-bloc feasibility score calculated?
The score (0-100) is based on five weighted factors: Building Age (max 30 points) — older buildings score higher; Lease Remaining (max 25) — shorter leases increase urgency; Unit Count (max 20) — fewer units make consensus easier; Location Segment (max 15) — prime locations attract developer interest; and Plot Ratio (max 10) — higher density potential increases redevelopment value.
What makes a good en-bloc candidate?
Strong candidates typically have: a building age of 30+ years, lease remaining under 60 years, fewer than 200 units (easier to reach consent), a prime or fringe-central location (CCR/RCR), and high plot ratio potential. A score of 65 or above on our scale indicates High potential.
What is the consent threshold for en bloc?
For developments 10 years or older, owners holding at least 80% of share values and 80% of total area must agree. For developments under 10 years, the threshold is 90%. These thresholds are set by the Land Titles (Strata) Act.
How long does the en-bloc process take?
The entire process typically takes 12 to 24 months from CSC formation to completion. Key phases include: CSC formation (1-3 months), marketing agent appointment (1-2 months), gathering owner consent (6-12 months), STB application (2-6 months), and completion with vacancy (3-6 months).