Will Braddell view or Lakeview realise their enbloc dreams

The recent successful en bloc sale of Thomson View for S$810 million has reignited discussions about the potential for other nearby properties, such as Braddell View and Lakeview, to follow suit. Historically, Braddell View's size and age have made collective sales seem unlikely, but the dynamics in the market may be shifting.

Thomson View's Impact on the En Bloc Market

The sale of Thomson View marks a significant milestone in Singapore's en bloc landscape, especially given its history of multiple failed attempts over the past 17 years. With plans to redevelop the site into a project yielding approximately 1,240 units, this successful transaction demonstrates renewed interest from developers in well-located sites. The acquisition by UOL and CapitaLand highlights a growing confidence in the en bloc market, which could influence other property owners in the vicinity to consider similar collective sales.

Braddell View and Lakeview: New Possibilities?

1. Market Sentiment: The successful sale of Thomson View could inspire owners of Braddell View and Lakeview to reassess their own properties. As developers look for opportunities in established neighborhoods, the positive momentum from Thomson View may encourage more owners to pursue collective sales.
2. Size Considerations: While Braddell View is larger and has historically faced challenges due to its size, the success of Thomson View suggests that developers are willing to engage with larger projects if they are strategically located. If Braddell View’s owners can present a compelling case for redevelopment, they may find interested buyers.
3. Location Advantages: Both Braddell View and Lakeview benefit from proximity to amenities and transport links, similar to Thomson View's advantageous location near Upper Thomson MRT Station. This makes them attractive options for developers looking to create new residential units in high-demand areas.
4. Changing Market Dynamics: With limited new launches in surrounding areas, any potential redevelopment of Braddell View or Lakeview could meet strong demand from homebuyers and investors alike. The trend of rising property prices in Singapore also suggests that owners might receive favorable payouts if they decide to go ahead with an en bloc sale.

Conclusion

The successful en bloc sale of Thomson View has revitalized optimism in Singapore's property market, particularly for collective sales. While Braddell View has faced challenges due to its size, the changing dynamics brought about by Thomson View’s success may open new doors for potential en bloc opportunities. As developers seek well-located sites with redevelopment potential, both Braddell View and Lakeview could find themselves back in the spotlight as viable candidates for future collective sales. The next few months will be crucial as property owners evaluate their options in light of this renewed interest in en bloc transactions.