En bloc sale committee, your window of opportunity won't last long, says Donald Han

SINGAPORE (Oct 6): Donald Han, a veteran property consultant and managing director of Hospitality Strategies Asia Pacific, has noticed lots of “old and smart money” pouring into prime property in Districts 9 and 10 recently.

This implies a growing expectation that property prices in Singapore have hit bottom after 15 straight quarters of decline.

By Han’s reckoning, there are 10 to 12 developers at any given time that can raise more than $1 billion each to pursue development sites.

---

Related Stories

• Bright spots in property likely to come from ECs, suburban condos in OCR and RCR and resale HDB flats: DBS
• Singapore’s housing prices and rental growth could slow in 2H2023: Bloomberg Intelligence
• Malaysian residential properties have become more, not less, affordable

---