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Developers turning more cautious when replenishing landbanks, says DBS

PC Lee
PC Lee • 3 min read
Developers turning more cautious when replenishing landbanks, says DBS
SINGAPORE (Feb 19): DBS says developers are turning more choosy in adding to their Singapore landbank.
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SINGAPORE (Feb 19): DBS says developers are turning more choosy in adding to their Singapore landbank.

They are also becoming more cautious in their pricing strategy after more land sites were awarded at reserve price levels rather than at a premium.

Property sales were off to a good start in January as total transactions – primary and secondary markets – doubled compared to a year ago, says lead analyst Derek Tan in a Monday report.

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