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S'pore prime land 'exorbitant': CityDev
After paying S$383m in 2006 for its Gramercy Park project site, it expects prices to go even higher
Published Thu, May 12, 2016 · 09:50 PM
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Singapore
SINGAPORE's second-largest developer has taken a potshot at prices of prime land in the city-state, describing them as exorbitant and predicting that they will go even higher.
"In land-scarce Singapore, it is increasingly difficult to secure prime land of this scale and even if available, the asking price for land alone is exorbitantly high," City Developments Ltd said in an earnings statement on Wednesday. The comments referred to the 170,0…
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