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Singapore developers expect slump

Posted on 15 March 2012

Singaporean developers are acting more and more gingerly in how much money they are willing to invest in private home sites. According to a research report, private home prices could be expected to decline a total of eight per cent this year.
Hence, developers have to factor the lowering of prices for their homes into their sums when deciding on a how much to put up on a purchasable plot. The BNP Paribas released a research report that showed an estimated 100 government land sale bids between 2007 until last month………………………………………..Full Article: Source


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