20 Feb '17, 10am

Property firms eager to become master developers | Property Market | PropertyGuru.com.sg

There may be opportunities for property developers to develop entire precincts in the future. Many developers in Singapore have expressed their eagerness to participate in a private-public partnership model that will see them master planning new districts, reported the Straits Times . In recommending the “master developer” model, the Committee on the Future Economy said the government should provide more flexibility in land use to enable developers to take a more integrated approach in developing districts. Currently, the government conducts the master planning of precincts, before offering the land to property developers on a plot-by-plot basis. “The opportunity for private developers to participate in master planning raises exciting possibilities for the real estate landscape,” said Christopher Tang, CEO of Frasers Centrepoint Singapore. However, the tender award for suc...

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

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