Property RAR
Singapore Property - Contact us @ +65 9878 4688 or +65 90093586 right now
  • Home
  • About Us
    • Buying
    • Selling
    • Renting
    • Partners
  • Properties
    • La Fiesta at Seng Kang
    • La Fiesta @ Seng Kang
    • Nine Residences and Junction 9 at Yishun >
      • Nine Residences and Junction 9 at Yishun Floorplan
    • Hexacube Singapore Commercial at 160 Changi Road AIA >
      • Hexacube Singapore Commercial at 160 Changi Road AIA Floor plan
    • NorthPark (Northpoint) Residences Yishun Central MRT
  • News
  • Contact Us

Small developers seek strength in numbers

27/8/2013

1 Comment

 
www.propertyguru.com.sg | 26 Aug 2013
Picture
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 

Let's join our combined power together to make sure we build bigger and stronger architectural buildings (and jolly well make sure we stand as one and fall as one). 
--Google Photo

other cases, smaller developers and construction companies only join forces after the tender is awarded. 

One example is Oxley Holdings' announcement of its partnership with construction firms to develop Midtown Residences (pictured) and KAP Residences."If smaller developers are on their own, they can bid only at a price that the bank is willing to lend them" that reduces chances of winning tenders, said Ku Swee Yong, 
Chief Executive of International Property Advisor.OrangeTee's Research Head Christine Li noted that there were only three sites awarded to smaller players acting alone between January to July 2013, compared to seven sites over the same period last year.At the same time, no bids over S$300 million were submitted by smaller developers acting alone."For land sites that are cheaper, from S$100 million to S$200 million, smaller developers usually bid on their own," Li said.
1 Comment
IT 人材 サービス link
12/4/2022 08:28:03 am

インドのITエンジニアをご希望に応じてスピーディーに派遣いたします。あなたのチームの一員として、あなたは直接の命令を受けるでしょう。

Reply



Leave a Reply.

    Singapore Property News

    Singapore Property News.
    Do note that the news posted are representations from Singapore local sources and do not represent the views of R&R Real Estate Services. However, you are invited to comment and engage a discussion with us, should you have any views that you want to share.

    Archives

    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013

    Categories

    All
    Commercial
    Condominium
    Cooling Measures
    Council For Estate Agencies
    Developer
    Executive Condominium
    Foreigners
    Gdp
    Good Class Bungalow
    Government Policies
    HDB
    Industrial
    Interest Rate
    Mixed Development
    New Launches
    Permanent Residents (PR)
    Private Homes
    Singapore Land For Sale
    South East Asia
    Total Debt Servicing Ratio

    RSS Feed


Powered by Create your own unique website with customizable templates.
Copyright 2012-2014 PropertyRAR, R & R Real Estate Services Singapore Property. All rights reserved.