The new cooling measures announced on Thursday night may well have doused the current bout of collective sale fever, with analysts expecting mega sites such as Braddell View, Mandarin Gardens and Laguna Park to face an uphill task in luring developers who have just been hit with heftier land acquisition costs.
Even before the measures were announced, Colliers International data showed that 21 collective sale tenders, valued at $5.6 billion, closed in May and last month without being sold, as developers took a breather to assess the large number of redevelopment sites available, evaluate potential risks and take stock of their development pipeline.
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