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Redas urges developers to be more prudent in land purchase, capital allocation
Far East Organization CEO Philip Ng presented with Redas' Lifetime Achievement Award at gala dinner
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Lee U-Wen
Published Mon, Dec 2, 2019 · 09:50 PM
Singapore
WITH the conditions for the real estate industry becoming more challenging, developers in Singapore have been urged to take stock and adopt a more prudent approach in land purchase and capital allocation.
Making this call was Real Estate Developers' Association of Singapore (Redas) president Chia Ngiang Hong, who noted that developers here are already more cautious in their bidding for land.
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