Cash-Rich Singapore Developers May Spur More Record Land Deals
- Land sales this year estimated to squeak past tally for 2017
- Builders built up cash while property market was sluggish
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Singapore looks set for another year of record-breaking property deals as developers flush with cash replenish their land banks.
Developers’ land purchases may reach S$16 billion ($12 billion) this year, squeaking past last year’s tally, according to Christine Li, a director of research at Cushman & Wakefield Inc.