Remember the song “ Stop in the name of love….before you break my heart “, and precisely this is what MDA is doing for the love of the property market and the Singapore economy. Because if the confirmed land sites were to continue to go on sale, may just kill any “young shoots” in the [...]
Posts Tagged ‘land development’
Condo land falling below building costs
Posted by Agent Tay on July 24th, 2008
Developers of entry-level housing squeezed by weak selling prices and surge in construction costs
By KALPANA RASHIWALA [extracted from The Business Times - Singapore]
(SINGAPORE) For the first time in at least two decades, construction costs for some 99-year condo sites are actually higher than their land costs. This is taking place against the backdrop of soaring [...]
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