Festive Mood Sets In?

Some 40 estates were put up for en-bloc sale fr Oct, but <10 deals were sealed and some closed without any bids.

This yr, collective sales was at a record of $12.4b, up fr last yr's $8.2b. So, is the mkt cooling? Some cited reasons to current slowed mkt: volatility in stock mkts, sub-prime woes, tightened en-bloc sales, unrealistic asking prices and developers have already acquired numerous sites.

Here are some of the enbloc sales w/o bidders & their indicative prices:
(1) Spanish Village (Farrer Rd) - $878m
(2) Villa delle Rose (Holland Rd) - $ 700m
(3) Elizabeth Towers (Mt Elizabeth) - $673m
(4) Chancery Cour (Dunearn Rd) - $468m
(5) Royalville (Sixth Ave) - $350m

* AsiaOne-Enbloc *

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Festive season is here ... ... Hari Raya Haji, Christmas, New Year and then Chinese New Year. Everyone is too busy with the celebration, pple jus wanna hv fun now after a yr of hardwork :).
*toast* Cheers!