10 Jan '18, 3pm

2018 a year for new launches and resale market

2018 a year for new launches and resale market

Eyes are on the collective sales market this year as 2017 had proved to be a fruitful one. En bloc sales likely to continue but not for long The large number of land sites up for sale last year have whetted developers’ appetites. But their appetites have since been satisfied and the successful run may be headed for some roadblocks as developers’ land banks fill up. Out of the 6 collective sale sites whose public tender closed last month, only 3 were successful. That does not however mean that the other 3 will not eventually be sold. Within 10 weeks of the close of the public tender, owners of a development are allowed to enter into a private treaty contact with a buyer. Analysts expect developers to be increasingly picky with their bids. Developers may favour smaller sites with some sites still managing to attain en bloc success at least for the next 6 to 9 months. Related...

Full article: https://www.iproperty.com.sg/news/2018-a-year-for-new-lau...

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