Developers' war chest of cash keeps collective sale party going
Estimates from Cushman & Wakefield suggest that developers still have another S$18.9 billion for land acquisitions in the near term
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ARE developers still on a prowl for land? That question naturally cropped up when the public tenders of 10 or more collective sale sites closed without concluding a sale in recent months.
But four of such sites have since found buyers under private treaty, which market watchers were quick to attribute to developers' sustained interest for land though they are proceeding more cautiously than before.
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