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Developers 'in two main camps over how much to bid for land'

Findings of JLL study back up Redas comments that market has seen 'different risk appetites of developers' who differ in views on supply, demand

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Going by JLL's study, the most aggressive land bid year-to-date likely came from SingHaiyi Properties and Huajiang International Corporation for Sun Rosier in a S$271 million en bloc deal in September.


ARE developers too aggressive in bidding up land prices in Singapore? It may well depend on who you ask. A new study on winning bids this year has tossed up a contrarian view on their bidding behaviour, with more than half of the winning bids regarded as "measured".


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