The Business Times
business-time-50
THE LEVEL GROUND
·
SUBSCRIBERS

Space out tender closings of state land sales to maximise proceeds, manage risk

google-preferred-sourceAdd BT as a preferred source
Leslie Yee

Leslie Yee

Published Mon, Nov 13, 2023 · 06:14 PM
    • Moderating land prices may not matter much when it comes to determining selling prices of new private homes, as developers will price their products based on prevailing demand.
    • Moderating land prices may not matter much when it comes to determining selling prices of new private homes, as developers will price their products based on prevailing demand. PHOTO: ST FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    SINGAPORE’S housing market is showing resilience in the face of higher interest rates over a prolonged period, sluggish economic growth and geopolitical tensions.   

    Three 99-year leasehold private housing sites put up for tender by the Urban Redevelopment Authority drew healthy participation among developers and strong top bids.

    Singaporeans can be happy that state coffers stand to be enriched by a total of S$2.29 billion from the top bids for the three sites, whose tender closed on Nov 7. 

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Government Land SalesURASingapore residential propertySingapore propertyProperty developersThe Level Ground

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    While residential property has delivered solid gains, observers say other assets such as equities often outpace it over the longer term.

    Higher costs, lower returns: Why are Singaporeans still betting on real estate?

    Malaysia ranks 23rd globally on the Milken Institute’s global opportunity index.

    South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report

    Eu Yan Sang group chairman Richard Eu has been with the company since 1989 and has seen plenty of change over the years, such as how employees view their jobs.

    Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More