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Redas urges developers to be more prudent in land purchase, capital allocation

Far East Organization CEO Philip Ng presented with Redas' Lifetime Achievement Award at gala dinner

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"As developers, we are very concerned with the present challenging market situation of high supply and subdued demand," said Mr Chia at a dinner on Monday to mark Redas' 60th anniversary.

Singapore

WITH the conditions for the real estate industry becoming more challenging, developers in Singapore have been urged to take stock and adopt a more prudent approach in land purchase and capital allocation.

Making this call was Real Estate Developers' Association of...

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