Singapore developers stay cautious on sombre economic outlook

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.