May
15
Singapore’s Property Comeback Fueled by Land-Hungry Developers
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Sales surge adds to sign of renewed vigor in housing market
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Singapore, Hong Kong have grappled with property overheating
Developers’ hunger for Singapore land is adding to signs that the city’s housing market is making a comeback after three years of price declines.
As new home sales surge after an easing of property restrictions in mid-March, developers are becoming more aggressive in bidding at land auctions. On average, they’ve paid a 29 percent premium, the highest level in at least five years, according to broker Cushman & Wakefield Inc., which makes comparisons with the past prices of similar properties…
Singapore’s Property Comeback Fueled by Land-Hungry Developers