Land-hungry developers fuel Singapore's property comeback
On average, they have paid 29% premium at auctions.
After three years of price declines, residential property sector should be able to see a turnaround with the number of developers amassing plots of land.
According to a Bloomberg report, developers are becoming more aggressive in bidding at land auctions. On average, they’ve paid a 29% premium, the highest level in at least five years.
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