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Old 21-05-2020, 09:41 PM   #1903
Master Member
Join Date: Jun 2018
Posts: 3,283
Midwood land $1067ppr psf. Selling $16xxpsf.
So far 24 out of 564 sold. Launch since Oct 2019.
March-May 0 sold

Lowest psf is the 1 bedders from $1535psf onwards.

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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