Having a constant pipeline beats a start-stop strategy for housing developers 

WHILE housing prices here continue to rise, developers appear to be trigger-shy when buying land.

In the first quarter of 2023, private home prices rose 3.2 per cent from the previous quarter and 11.3 per cent year on year, according to flash estimates by the Urban Redevelopment Authority.

Yet, this year’s maiden state land tender for a 99-year leasehold private housing site at Lentor Gardens in the Yio Chu Kang area drew just one bid.