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Oxley, China developer lead Singapore land bank race - for now

While they're tops in terms of potential housing units, some analysts believe CDL's inventory may have highest gross development value of S$4b

Published Mon, Jan 22, 2018 · 09:50 PM

Residential

Singapore

SINGAPORE-LISTED developer Oxley Holdings is enjoying a sweet homecoming after a flurry of overseas ventures - it now holds the largest residential land bank in the Republic by the number of dwelling units.

Estimates by The Business Times show that close to 4,000 units could be generated from Oxley's land bank, of which over 2,300 homes are based on its equity stakes in the sites acquired.

A close runner-up turns out to be a new market entrant, Logan Property Holdings, a Hong Kong-listed Chinese developer whose share in two large land parcels acquired last year - one from a government land sale (GLS) and another from a collective sale - puts it in second place with above 2,000 units.

Other China developers that rank high in residential land bank here after ramping up their exposure last year include Kingsford Development, Qingjian Realty and SingHaiyi Group…