After more than four years of inaction, developers are now rushing to replenish their landbanks to grab a slice of the booming property market.
SINGAPORE (Mar 21): A rising tide is said to lift all boats. But amid a wave of en bloc deals on the back of improving sentiment in the Singapore property sector, SAC Advisors believes some developers could cruise to greater heights than others.
“The rush to secure sites was driven by the overall positive sentiment of the property market, which has propped up demand and prices,” says analyst Eing Kar Mei in a Wednesday report. “We believe the developers such as Oxley Holdings, Lian Beng [Group], [and] UOL Group, which have managed to acquire sites ahead of the market, will reap the most benefit.”
