Greater flexibility needed when government assesses bids for GLS sites
Some leeway is vital to ensure adequate supply across various property segments
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A BUYER may pay what many people view as an aggressive price for a home because he is very keen on the property for personal reasons. On the other hand, a property vendor who is in financial distress might sell at a significant discount to the transacted prices of comparable units nearby.
Certainly, a property seller who wants to achieve a good price should be patient and hard-nosed. He may need to reject various offers while waiting for a difficult-to-resist offer.
As the government is financially strong, should it adopt a tough stand when selling land?
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