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Old 21-05-2020, 09:20 PM   #1899
holasingapura
Senior Member
 
Join Date: Oct 2019
Posts: 1,331
Ya. Kopar at newton despite having a land price of just 1100psf had an average selling price of 2350psf when it could have launched at an average of lass than 2000psf while still making profit

An example is SR which had a land price of 1050psf and launched at 1850psf while still making profit, so it is possible
It just looks like there are discrepancies in land bid prices during the period of enbloc euphoria. Developer who overbid and surviving on thin margins are helping developers of kopar and SR sell. Woodleigh Residence is one good example that is helping the rest of the island sell at high prices.

However, if the economy and job losses turn out to be as bad as the forecasts, kopar and SR can afford to slash prices while the rest will incur losses.

Right now, sinkies still appear quite optimistic about the property market just like US equites in early feb.
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