TID Residential

Exec condos in the limelight as CityDev JV outguns rivals with $509 mil bid for Punggol EC site

SINGAPORE (Feb 28): DBS Group Research believes property developers are bullish on land-banking in executive condominium (EC) sites in Singapore due to limited supply in the near term.

This comes after a joint venture between City Developments (CDL) and TID Residential came up tops in the latest government land tender with a $590.4 million bid for the 820-unit EC site at Sumang Walk in Punggol.

The only EC plot available in the Government Land Sales (GLS) programme in 2H17, the Sumang Walk site saw a whopping 17 bids at the close on Tuesday night.

10 selling points that lured buyers to Forest Woods

SINGAPORE (Sept 28): A dual track has emerged in the mid- and mass-market segments of Singapore’s property sector, according to RHB Research.

Analyst Vijay Natarajan notes that while certain new launches are drawing strong buying interest despite the depressed market, developers of older launches have difficulty moving their units with the current oversupply situation.

One example of a successful launch is Forest Woods, which drew crowds of potential buyers to the showroom on the first day of its soft launch and collected between 200 and 300 cheques by 4pm that day.

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