The Business Times
SUBSCRIBERS

Developers 'in two main camps over how much to bid for land'

Findings of JLL study back up Redas comments that market has seen 'different risk appetites of developers' who differ in views on supply, demand

google-preferred-sourceAdd BT as a preferred source
Published Wed, Nov 22, 2017 · 09:50 PM
    Varying risk appetites of winning bids

    Singapore

    ARE developers too aggressive in bidding up land prices in Singapore? It may well depend on who you ask. A new study on winning bids this year has tossed up a contrarian view on their bidding behaviour, with more than half of the winning bids regarded as "measured".

    About 58 per cent of the winning bids suggest that developers were expecting selling prices for new projects to be either around current levels or up to 10 per cent higher, a study by JLL exclusively for The Business Times shows.

    URAHousingResidential

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    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