Tenders Reflect Developers Growing Hunger For Land

Source: https://www.businesstimes.com.sg/real-estate/tenders-reflect-developers-growing-hunger-for-land

There were 15 developers who bidded for the plot of land at Ang Mo Kio Ave 1, and the highest bid is about $1118 psf ppr. This means the selling price of the apartments would be around $2000 psf, making those existing launches in the OCR (Outside Central Region) to look comparatively much cheaper. Those who wait further to make purchase would likely have to purchase at higher price.


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