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
Add BT as a preferred sourceSingapore
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.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
As luxury retail goes big, can Singapore’s Orchard Road keep up?
Singapore banks may need to address indirect exposure to captive coal in their financing policies
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
