Collective sale fever to peak soon: Analyst

CapitaLand bought Pearl Bank Apartments for $728 million - the asking price. RHB property analyst Vijay Natarajan said developers have become "very selective". Higher development charges are also steering developers towards small-to mid-sized sites w
CapitaLand bought Pearl Bank Apartments for $728 million - the asking price. RHB property analyst Vijay Natarajan said developers have become "very selective". Higher development charges are also steering developers towards small-to mid-sized sites with good location attributes and amenities, he added.ST FILE PHOTO

Developers paying close to asking prices, likely to snap up smaller sites: RHB report

The collective sale frenzy that has been sizzling nationwide for a year will peak in a few months, according to property analyst Vijay Natarajan of RHB.

He noted in a report yesterday that developers are paying close to asking prices now and are likely to snap up smaller sites as they turn more selective.

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A version of this article appeared in the print edition of The Straits Times on April 11, 2018, with the headline 'Collective sale fever to peak soon: Analyst'. Print Edition | Subscribe