The residential collective sales market moves in tandem with the broader residential market cycle, registering stronger activity during the upturns while moderating during downturns. Responding to a rising market between 2005 and 2007, the collective sales market boomed, establishing a record sales volume of S$10.9 billion in 2007. In 2008/09, the global financial crisis resulted in collective sales plummeting to insignificant levels before staging a mild recovery between 2010 and 2013. However, the imposition of various cooling measures, culminating in TDSR, led to residential collective sales flattening again in 2014 and 2015. Developers, faced with oversupply and an increasing unsold stock in their inventories, became more cautious and shied away from collective sales. The possibility of the residential property market bottoming and an anticipation of a sustained growth in new private home sales will lead to higher confidence among developers in their quest for sites.... Continue Reading