Value of land deals 'set to hit record in 2017'
But analysts say the bumped-up number is a function of land prices having doubled in the last decade. They also say developers, anticipating an upturn, are banking land
Singapore
WITH still a month and a half left to 2017, land transactions in Singapore, including collective sales, government land sales (GLS) and private sales, have hit a six-year high of S$12.6 billion.
If all the pipeline deals, both public and private, materialise, the figure will be bumped up by another S$3.4 billion, bringing the total value of land transactions this year to S$16 billion - a historical record.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%
OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2