www.propertyguru.com.sg | 26 Aug 2013

Smaller developers are teaming up as consortiums to leverage on each other's resources when bidding for sites amid stiff market competition, said media reports.According to Donald Han, Managing Director at property consultancy Chestern Singapore, smaller players need to raise more funds "unlike bigger listed developers who have access to a myriad of financing facilities and sources of funds". 

For instance, the recent tender for an executive condominium (EC) site in Yuan Ching Road recorded a top bid of S$418 psf ppr, submitted by a consortium comprising Evia Real Estate, CNH Investment, BBR Development and OKP Land. In 

www.propertyguru.com.sg | 12 Aug 2013

Kensington Village, a joint venture company between Fragrance Group and World Class Land, has opened the sales gallery for Kensington Square (pictured), a new mixed development at the junction of Upper Paya Lebar Road and Jalan Lokam.

The freehold project comprises 141 residential units ranging from 431 sq ft to 1,227 sq ft and in one- to three-bedroom configurations, some of which offer the dual key feature. Prices could start from S$1,450 psf.