02/07/2019
Savills' head of research and consultancy Alan Cheong said that prices have been rising because of high land costs that developers bid for in the last land acquisition cycle.
He added: "They are translating that high land cost to selling land prices. It's purely because of the high break-even, not because developers are profiteering."
APARTMENT and condo prices in Singapore rose by 1.3 per cent in the second quarter of 2019 - catching market watchers by surprise. Read more at The Business Times.