Developers' war chest of cash keeps collective sale party going
Estimates from Cushman & Wakefield suggest that developers still have another S$18.9 billion for land acquisitions in the near term
Singapore
ARE developers still on a prowl for land? That question naturally cropped up when the public tenders of 10 or more collective sale sites closed without concluding a sale in recent months.
But four of such sites have since found buyers under private treaty, which market watchers were quick to attribute to developers' sustained interest for land though they are proceeding more cautiously than before.
Keeping this en bloc train going is their war chest of cash reserves built …
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
New US home sales jump to highest level since September
Hong Kong developer weighs stake sale in London office skyscraper project
How Hudson Yards went from ghost town to office success story
Private credit for real estate boosting green building premium
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Forrest Li’s wife buys Gallop Road bungalow next to the one he has redeveloped