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SINGAPORE PROPERTY
Sliding premiums could point to cooling in en bloc fever
Developers' caution increasing with many having refilled their land banks amid rising supply of private homes: analyst
Developers' fatigue is starting to be seen in the premiums over the reserve price, which have halved to 5 per cent this year. Pearl Bank Apartments (above) changed hands at the asking price of S$728 million.
BT FILE PHOTO
Singapore
A YEAR after en-bloc fever gripped Singapore again, one property analyst thinks that it will hit its peak around the middle of this year.
Developers are paying smaller premiums on average, and are likely to snap up smaller sites as they turn more selective, RHB's Vijay
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