16 Nov '17, 1am

Value of land deals 'set to hit record in 2017' | Singapore Property News

Value of land deals 'set to hit record in 2017' | Singapore Property News

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. These numbers were compiled from Real Capital Analytics (RCA) by Cushman & Wakefield (C&W) Research. The figures did not, however, faze some analysts, who pointed out that the record transaction value was not so much a function of sheer volume as it was the fact that land prices have doubled in the past 10 years. Enormous plots of land that changed hands this year, mostly from privatised HUDC sites, further ramped up the numbers. CBRE head of research for Singapore and S...

Full article: https://www.srx.com.sg/singapore-property-news/42942/valu...

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