More ageing sites may test en bloc market, but no frenzy seen: PropNex

MinLaw proposes tiered consent rules under amendments to the strata law.

Singapore’s proposed collective-sale changes could encourage more ageing developments to test the market, although an en bloc surge is unlikely, PropNex said. 

The property agency’s CEO Kelvin Fong said developers remained selective and that pricing would continue to determine whether sales proceed.

“Developers remain disciplined, and pricing will continue to be a key determinant of whether deals materialise,” he said.

The comments come as the Ministry of Law proposed tiered consent requirements under the Land Titles (Strata) (Amendment) Bill 2026, including lower thresholds for developments aged at least 40 years. 

Under the bill, developments aged 40 to 59 years would require consent from 70% of owners for a collective sale, whilst those aged at least 60 years would require 65%.

The existing requirements would remain at 90% for developments below 10 years old and 80% for those aged 10 to 39 years.

“A lower consent threshold could give ageing developments—which carry a rising maintenance burden—a shot at collective sale,” Fong said.

He added that the proposed amendments complemented policy changes announced on 28 July.

These include longer additional buyer’s stamp duty remission timelines for large en bloc redevelopments and the removal of the 15-month wait-out period for private homeowners buying non-subsidised HDB resale flats. 

Other measures in the bill include raising the support required to initiate a collective-sale attempt to 35% of owners by share value or number of units.

The period for collecting signatures for a collective sale agreement would also be shortened to six months from 12 months, whilst the restriction period following a failed attempt would be extended to three years from two years.