# En bloc changes: More redevelopment of ageing condos, reuse of old buildings yield benefits

- **Source:** The Business Times
- **Published:** 2026-08-10T23:00:00.000Z
- **Author:** Leslie Yee
- **Original:** https://www.businesstimes.com.sg/opinion-features/en-bloc-changes-more-redevelopment-ageing-condos-reuse-old-buildings-yield-benefits
- **Topics:** Private Residential, Commercial & Industrial, Transactions & Deals

## Featured rationale

The deal signals developer confidence in converting ageing industrial properties into residential-led projects, potentially increasing housing supply around Outram Road and Zion Road.

## AI summary

Kingsford Group agreed in July to buy the freehold Tan Boon Liat Building for S$950 million, likely Singapore’s largest collective sale year-to-date.

## Original article

[SINGAPORE] Might the buzz be returning to the en bloc market for property deals?

Last month, Kingsford Group signed a deal to buy freehold Tan Boon Liat Building for S$950 million – likely the largest collective sale transaction in Singapore year-to-date, according to Cushman & Wakefield.

The industrial warehouse and showroom landmark located at the crossroads of Outram Road and Zion Road can be redeveloped into a residential-led development.

## Chinese translation

> Translation model: openai_codex_cli

### 集体出售规则变化：老旧公寓更多重建、旧建筑再利用带来益处

随着私人非有地住宅老化，活跃的集体出售市场有助于优化土地使用

[新加坡] 房地产交易的集体出售市场热度是否可能正在回归？

上个月，Kingsford Group 签署协议，以9.5亿新元收购永久地契的 Tan Boon Liat Building；据 Cushman & Wakefield 称，这很可能是新加坡今年迄今最大的一宗集体出售交易。

这座位于 Outram Road 与 Zion Road 交汇处的工业仓库兼展厅地标，可被重新发展为以住宅为主的项目。