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
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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.
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