Looking at the way the en-bloc sales and land bids are transacted, DBS lead analyst Rachel Tan says developers seem to be pricing in a price recovery in 2018 in their bids, implying the bullish sentiment towards land-banking good quality sites in Singapore.
SINGAPORE (June 2): Within one week, three en-bloc sales were closed with the latest being MCL Land putting a robust $765 million bid for Eunosville.
Together with the earlier en-bloc sales of Rio Casa and Goh & Goh Building, this brings the total en-bloc sales to four since the beginning of 2017.
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