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
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Singapore
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 will be bumped up by another S$3.4 billion, bringing the total value of land transactions this year to S$16 billion - a historical record.
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