The new average unit size benchmarks for private non-landed property announced on Wednesday may be the "final nail in the coffin" for collective sale sites that have yet to find buyers, or those that have yet to secure the 80 per cent mandate to launch for public tender, analysts say.
Unless developers have already bought land and obtained planning approvals, Wednesday's more stringent guidelines requiring them to build fewer and bigger units will likely eat into developers' profit margins, International Property Advisor chief executive Ku Swee Yong said.
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