Singapore rejected a bid for a prime state land parcel for the first time in more than a decade

[Byebye Penis]

URA rejects $984 psf ppr bid by GuocoLand-led consortium for Marina Gardens Crescent GLS site
https://www.bloomberg.com/news/arti...rst-major-land-bid-since-2011-as-demand-cools

Singapore rejected a bid for a prime state land parcel for the first time in more than a decade

 

[Byebye Penis]

We need to understand why developers sianzz now.

Our levy on foreign workers, cost of housing the construction workers, various development charges, costs to comply with regulations, COE (Transport) and GST are too high.

Cost of land is not the sole cost. Every step, every thing they do, our government takes money from them.

 

[8::::::D]

$984 psf ppr tooo low la

 

[8::::::D]

if wee cho yaw is around, he will bid $1984 psf ppr

 

[Byebye Penis]

In the end what happens? Cost of building new homes are more expensive, some builders cut corners and we got to pay more.

 

[k1976]

URA rejects $984 psf ppr bid by GuocoLand-led consortium for Marina Gardens Crescent GLS site
https://www.bloomberg.com/news/arti...rst-major-land-bid-since-2011-as-demand-cools

Singapore rejected a bid for a prime state land parcel for the first time in more than a decade

It should be $9840 psf mah