Singapore developers cautious
THE tenders for two state-owned plots that closed on Thursday were a mixed bag, with developers keen to open their cheque books for a site in Pine Grove while a mega-site in Dunman Road got a bit of a cold shoulder.
The results reflect the mood among developers, which are keen to bid for sites in areas with pent-up demand but only up to a point, given the high price tags some mega-plots command.
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