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Wealth Tracker: What Sim Lian’s top bid of S$1,432 psf ppr for Holland Link site says about the market

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Manage episode 497436314 series 2467889
Content provided by SPH Radio and MONEY FM 89.3. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SPH Radio and MONEY FM 89.3 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

A government land site in the new Holland Plain precinct has sparked attention - not for how many bids it received, but for how far the top offer went.

Sim Lian Land and Sim Lian Development submitted the highest bid at nearly S$368 million, or about S$1,432 psf ppr, a striking 22% above the next closest offer. Property consultants are calling it a bold, bullish move in a market still finding its footing.

What drove Sim Lian to bid so aggressively? Does this reflect growing confidence among developers or rising pressure from limited land supply? What could this mean for future home prices and the direction of the private residential market?

On Wealth Tracker, Hongbin Jeong speaks to Nicholas Mak, Chief Research Officer, MOGUL SG, to find out more.

See omnystudio.com/listener for privacy information.

  continue reading

4867 episodes

Artwork
iconShare
 
Manage episode 497436314 series 2467889
Content provided by SPH Radio and MONEY FM 89.3. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SPH Radio and MONEY FM 89.3 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

A government land site in the new Holland Plain precinct has sparked attention - not for how many bids it received, but for how far the top offer went.

Sim Lian Land and Sim Lian Development submitted the highest bid at nearly S$368 million, or about S$1,432 psf ppr, a striking 22% above the next closest offer. Property consultants are calling it a bold, bullish move in a market still finding its footing.

What drove Sim Lian to bid so aggressively? Does this reflect growing confidence among developers or rising pressure from limited land supply? What could this mean for future home prices and the direction of the private residential market?

On Wealth Tracker, Hongbin Jeong speaks to Nicholas Mak, Chief Research Officer, MOGUL SG, to find out more.

See omnystudio.com/listener for privacy information.

  continue reading

4867 episodes

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