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Value of land deals 'set to hit record in 2017'

But analysts say the bumped-up number is a function of land prices having doubled in the last decade. They also say developers, anticipating an upturn, are banking land

Ten years on, Normanton Park nearby was sold to Kingsford Huray Development last month for S$969 psf ppr - a clear indication of how prices have jumped in a decade.


WITH still a month and a half left to 2017, land transactions in Singapore, including collective sales, government land sales (GLS) and private sales, have hit a six-year high of S$12.6 billion.

If all the pipeline deals, both public and private, materialise, the figure...

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