Few surprises expected for H1 state land sales
Market conditions largely unchanged since last government land sales programme
Singapore
PROPERTY consultants are generally not expecting any major surprises for the upcoming Government Land Sales (GLS) Programme for private housing and commercial land for the first half of 2016, and this applies to both the confirmed and reserve lists.
In the private housing segment, the authorities will have to weigh the current state of the market - including the ongoing ramp-up in private home completions and rising vacancies, as well as a more measured intake of overseas nationals - against the fact that developers continue to show a healthy appetite for land at state tenders as they need to replenish this vital raw material to keep their businesses going.
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
Airbnb promises to combat sex work in rentals during Paris Olympics
Hong Kong property deals hit three-year high in April
More homes planned in Media Circle to support housing demand
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise
Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender