23 Aug '17, 4am

Developers to focus on smaller sites

While homes sales have been on the uptrend, some developers are expected to focus on smaller residential developments at the H2 2017 Government Land Sales (GLS), revealed an Edmund Tie & Company report. This comes as developers try to mitigate the risk of incurring Additional Buyers Stamp Duties (ABSD), given that the external environment remains unstable. SEE ALSO: Property market upturn on the horizon The H2 GLS programme has four land parcels that offer less than 200 units each and about six land parcels offering at least 700 units each. Citing the Urban Redevelopment Authority (URA), Edmund Tie & Company said around 2,035 private non-landed residential developments in Singapore have less than 200 units, while a mere 274 non-landed residential developments feature more than 300 units. “Smaller developments are less risky to the developers given the uncertain external en...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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