Collective sale market faces rougher terrain in 2022
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THE collective sale market had started to pick up in 2021 before the property cooling measures hit, a development which will turn developers more cautious.
While deals should still be concluded this year as diminishing unsold supply prompts developers to replenish their land banks, over-priced sites are unlikely to find buyers amid heightened risk.
According to real estate consultancy JLL, a dozen projects worth around S$2.19 billion - 9 residential and three mixed-use sites (based on proposed use) - were transacted in 2021. There were 43 launches in all.
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