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Freehold collective sale sites in Singapore ripe for developers

With the upturn of the residential prices in the second half of last year, the current collective sale cycle still has room for further growth.
With the upturn of the residential prices in the second half of last year, the current collective sale cycle still has room for further growth. ST PHOTO: LIM YAOHUI

The market got off to a firm start this year with 17 collective sales deals worth $5.8 billion transacted in the first quarter, 29 per cent higher than the volume in preceding quarter.

With the upturn of the residential prices in the second half of last year, coupled with the paucity of the government land sale (GLS) sites on the confirmed list for the first half of 2018, the current collective sale cycle still has room for further growth.

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A version of this article appeared in the print edition of The Sunday Times on May 27, 2018, with the headline 'Freehold collective sale sites in Singapore ripe for developers'. Print Edition | Subscribe