{"id":65464,"date":"2017-09-05T09:53:22","date_gmt":"2017-09-05T02:53:22","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-developers-ramp-up-landbanking-activity\/"},"modified":"2017-09-05T09:59:14","modified_gmt":"2017-09-05T02:59:14","slug":"singapore-developers-ramp-up-landbanking-activity","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-developers-ramp-up-landbanking-activity\/","title":{"rendered":"Singapore developers ramp up landbanking activity"},"content":{"rendered":"


\nView of a Government Land Sales site in Singapore. (Photo: Nikki De Guzman)
\nSeven of the top 10 developers with the biggest residential landbank and unsold units in launched projects are local developers, according to the Business Times\u2019 compilation of developers.
\nThis comes as Singapore developers came out strong in the collective sales market and private land deals, even as foreign developers crowded them out in government sales of residential sites, the report said.
\nSEE ALSO: Developers pay more for sites amid fierce competition
\nBased on JLL\u2019s analysis, half of the eight private residential sites, excluding the mixed-use site in Bidadari, sold in Government Land Sales (GLS) so far this year went to Singapore developers.
\nOver in the collective sales market, Singapore developers snagged six of the seven deals with a residential component. They also secured most other land deals this year.
\n\u201cIt was a matter of time before the local developers upped their game plan,\u201d said Ong Teck Hui, national director of research and consultancy at JLL.
\nSim Lian Group, for instance, topped the list in terms of residential landbank in one swoop when it acquired Tampines Court, a former Housing and Urban Development Company (HUDC) estate that could yield over 2,000 homes.
\nOxley Holdings made a swift comeback this year to its home market, with the purchase of six residential sites comprising three sites via en bloc deals and three under private treaties. Two of the en bloc deals were for large sites acquired with consortium partners.
\nWith this, Savills Singapore research head Alan Cheong expects Singapore developers to continue to be aggressive in their land bidding.
\n\u201cWhen land prices are rising, they may sacrifice margins if they are motivated to get the site but when the project is ultimately launched a year down the road, selling prices are likely to have increased, thereby pumping their margins up again.\u201d
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore developers ramp up landbanking activity<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of a Government Land Sales site in Singapore. (Photo: Nikki De Guzman) Seven of...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-65464","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-h1S","jetpack-related-posts":[{"id":84146,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strongest-first-quarter-on-record-for-singapore-investment-sales\/","url_meta":{"origin":65464,"position":0},"title":"Strongest first quarter on record for Singapore investment sales","date":"March 29, 2018","format":false,"excerpt":"\r Residential collective sales dominate with $5.83 billion worth of deals. Property investment sales in Singapore saw its best ever first quarter, reaching a staggering $10.84 billion in Q1 2018, according to preliminary figures from JLL. This is up a significant 95.2 percent from the $5.55 billion recorded in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79846,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-land-sales-could-reach-16b-in-2018\/","url_meta":{"origin":65464,"position":1},"title":"Residential land sales could reach $16b in 2018","date":"February 14, 2018","format":false,"excerpt":"\r Developers are bidding more aggressively for land amid estimations that they are sitting on a $22.9 billion war chest. (Photo: Nikki De Guzman) Property consultancy Cushman & Wakefield thinks that land purchases in Singapore by real estate developers could hit $16 billion this year, with more record land deals\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95641,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/collective-sales-success-rate-down-despite-increased-activity\/","url_meta":{"origin":65464,"position":2},"title":"Collective sales success rate down despite increased activity","date":"August 8, 2018","format":false,"excerpt":"\r Property developers in Singapore have become more selective with their acquisitions. Despite the increased activity in the collective sales market, the success rate for en bloc sales has fallen significantly compared to 2016 and 2017 levels, reported Singapore Business Review citing Savills Asia. This comes as developers have become\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51661,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/need-for-realistic-expectations-amid-expected-hike-in-en-bloc-sales\/","url_meta":{"origin":65464,"position":3},"title":"Need for realistic expectations amid expected hike in en bloc sales","date":"April 12, 2017","format":false,"excerpt":"\r The limited supply of land sites has resulted in more developers going after projects put up for collective sale. While the residential collective sales market is expected to pick up this year, experts have called on owners of residential developments to be realistic with their expectations, reported Channel NewsAsia.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51196,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/investment-property-sales-down-38-5-in-q1\/","url_meta":{"origin":65464,"position":4},"title":"Investment property sales down 38.5% in Q1","date":"April 7, 2017","format":false,"excerpt":"\r Several bulk residential sales were recorded in Q1 2017 as some foreign developers tried to offload their remaining unsold units to avoid paying hefty penalties. Singapore saw sales of investment properties, or big-ticket property transactions of at least $10 million, drop 38.5 percent to $5.2 billion in Q1 2017,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23173,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-in-singapore-are-fighting-over-this-plot-of-land\/","url_meta":{"origin":65464,"position":5},"title":"Developers in Singapore are fighting over this plot of land","date":"August 17, 2016","format":false,"excerpt":"\r Competition is expected to be fierce for this government tender Stunning Singapore at night. Image credit: aotaro (Flickr) Singapore has opened up a highly coveted site around Fernvale Road for tender, in the first of four land parcels up for grabs under the Government Land Sales programme for the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/65464"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=65464"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/65464\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=65464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=65464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=65464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}