Given that the Singapore private residential market saw a huge wave of completions over the last four years and that most of these projects were almost or completely sold out, developers are now flush with liquidity and are actively looking to replenish their land bank.
Based on Urban Redevelopment Authority data, a total of 76,164 private residential homes - equivalent to around $90.5 billion worth of residential development projects - received their Temporary Occupation Permit (TOP) between 2014 and last year.
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