29 Dec '14, 4am

Soft market ahead for most developers, Singapore Property News, Singapore Property Guides & Articles - STProperty

Land prices, too, have started to come down this year. An analysis done by SLP found that winning bids for single-user plots at Tuas South have fallen more than 10 per cent year on year, while those for larger plots that can be developed into multi-user factories have fallen more than 30 per cent. This analysis did not control for plot sizes, locations, or tenures which have been capped at 30 years from July 2012 to help industrialists better manage their capital outlay. Mr Mak said: "It seems like some developers are facing fatigue and growing cautious. Especially if they have a substantial land bank, they would be even more concerned with the challenges of selling the projects that they build." Manufacturing has grown a rather subdued 3 per cent for the first 11 months of 2014 (or 1.4 per cent excluding the volatile biomedical sector), and will probably show a very mixed...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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