Two tender closings signal developers' unabating land appetite
FCL leads Jiak Kim Street tender with S$955.4m bid; Allgreen emerges tops for Fourth Avenue site with S$552.96m bid
Singapore
DEVELOPERS' appetite for choice sites has shown no signs of letting up despite warnings from the government on over-exuberance in the property market.
Two residential land parcels at Jiak Kim Street and Fourth Avenue under the government land sales (GLS) programme saw keen contest on Tuesday, with Frasers Centrepoint Limited (FCL) setting a new price benchmark for the Jiak Kim Street site.
TRENDING NOW
CapitaLand Investment’s retrenchments: Mind the downsides of a profitable business laying off staff
‘Low hire, low fire’ labour market: Britain’s boomers cling to jobs as young get locked out
Singapore’s new data centres must use renewables. Can they overcome the hurdles?
Will the US-Canada tariff war irrevocably damage bilateral ties?
