Prop­erty mar­ket op­ti­mism could lead to over­heat­ing: an­a­lysts

Singapore Business Review - - NEWS FROM SBR.COM.SG -

An­a­lysts warn that de­spite the op­ti­mism, sin­ga­pore’s en bloc fever and ris­ing land prices could lead to the prop­erty mar­ket’s in­sta­bil­ity. Firstly, the in­tense com­pe­ti­tion for en bloc deals has driven land prices higher. Ac­cord­ing to rhb re­search, bids are fac­tor­ing in a 10-40% ap­pre­ci­a­tion in prop­erty prices as­sum­ing de­vel­op­ers achieve their typ­i­cal profit mar­gin of 10-15%.

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