The Business Times
business-time-50
THE LEVEL GROUND
·
SUBSCRIBERS

Greater flexibility needed when government assesses bids for GLS sites

Some leeway is vital to ensure adequate supply across various property segments

google-preferred-sourceAdd BT as a preferred source
Leslie Yee

Leslie Yee

Published Mon, Nov 11, 2024 · 12:56 PM
    • While a property valuer has sound rationale for assessing any land parcel’s value, the actual price at which a site transacts for will largely be dictated by what buyers are willing to pay for it.
    • While a property valuer has sound rationale for assessing any land parcel’s value, the actual price at which a site transacts for will largely be dictated by what buyers are willing to pay for it. PHOTO: BT FILE

    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?

    Government Land SalesResidentialSingapore residential propertyProperty developersThe Level Ground

    TRENDING NOW

    Third-gen owner Edmond Wong is not concerned about “vanity” metrics, and instead aims to “sustain a good business”.

    Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage

    Singapore Kitchen Equipment was founded by husband-and-wife duo Sally Chua (left) and Alan Lee.

    Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    Be wary of sales pitches that dangle high income but are not explicit on where risks lurk.

    Should you sacrifice some CPF Life income in favour of ILPs? Tread carefully

    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