13 Feb '18, 11pm

Cash-Rich Singapore Developers May Spur More Record Land Deals

Singapore looks set for another year of record-breaking property deals as developers flush with cash replenish their land banks. Developers’ land purchases may reach S$16 billion ($12 billion) this year, squeaking past last year’s tally, according to Christine Li, a director of research at Cushman & Wakefield Inc. Developers’ cash from home sales and bank financing may total S$22.9 billion, according to Li, a war chest built up when the property market was sluggish. Now, builders are bidding more aggressively for land as rising apartment sales and prices signal an end to a four-year downturn. “Against this backdrop, land deals could continue to set record prices in 2018, especially for sites with little competition in the vicinity,” she said. Signs the market is heating up: Frasers Property Ltd. in December paid a record per-square foot price for a residential site near th...

Full article: https://www.bloomberg.com/news/articles/2018-02-13/cash-r...

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Singapore looks set for another year of record-...

bloomberg.com 14 Feb '18, 12am

Singapore looks set for another year of record-breaking property deals as developers flush with cash replenish their land ...

Singapore looks set for another year of record-...

bloomberg.com 14 Feb '18, 12am

Singapore looks set for another year of record-breaking property deals as developers flush with cash replenish their land ...

Singapore looks set for another year of record-...

bloomberg.com 14 Feb '18, 12am

Singapore looks set for another year of record-breaking property deals as developers flush with cash replenish their land ...

Singapore looks set for another year of record-...

bloomberg.com 14 Feb '18, 5am

Singapore looks set for another year of record-breaking property deals as developers flush with cash replenish their land ...

Singapore looks set for another year of record-...

bloomberg.com 14 Feb '18, 5am

Singapore looks set for another year of record-breaking property deals as developers flush with cash replenish their land ...

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