Privatised HUDC estate Florence Regency in Hougang was one of just two of the 16 residential sales en bloc this year that went to foreign firms. It was sold to Hong Kong-listed Logan Property. Local developers stand a better chance of building up the
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Privatised HUDC estate Florence Regency in Hougang was one of just two of the 16 residential sales en bloc this year that went to foreign firms. It was sold to Hong Kong-listed Logan Property. Local developers stand a better chance of building up their land reserves through collective sales, since foreign firms are unlikely to stomach the uncertainty that comes with the often-lengthy wait to get clearance for a sale, says veteran developer and academic Steven Choo.
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