{"id":45945,"date":"2026-04-20T13:12:42","date_gmt":"2026-04-20T05:12:42","guid":{"rendered":"https:\/\/sgbuzz.com\/?p=45945"},"modified":"2026-04-20T13:12:42","modified_gmt":"2026-04-20T05:12:42","slug":"reckless-housing-land-bids-developers-faith-in-singapore-government-can-pay-off","status":"publish","type":"post","link":"https:\/\/sgbuzz.com\/?p=45945","title":{"rendered":"Reckless housing land bids? Developers&#8217; faith in Singapore government can pay off"},"content":{"rendered":"<p><br \/>\n<\/p>\n<p>Slowing economy could hurt housing demand, high energy prices might raise construction costs<\/p>\n<div data-testid=\"article-body-container\">\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">[SINGAPORE] Amid a seismic energy shock arising from the Middle East conflict, which will raise inflation and slow economic growth, developers submitted robust bids for housing sites at recent government land sales (GLS) tenders.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">A <a class=\"text-verticals-btblue underline\" data-testid=\"article-annotation-link-component\" href=\"https:\/\/www.businesstimes.com.sg\/property\/frasers-property-mitsubishi-estate-jv-pips-cdl-s610-75-million-top-bid-kallang-plot\" target=\"_blank\" rel=\"noopener\">Kallang Close private housing site<\/a> near Kallang MRT station drew four bids, with <!-- --> <!-- -->Frasers Property<!-- --> <!-- --> and Mitsubishi Estate securing the site for S$610.75 million, or about S$1,415 per square foot per plot ratio (psf ppr).<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The land parcel has a maximum gross floor area of 431,615 square feet (sq ft), some of which will be used as a childcare centre, and can yield about 470 homes.<\/p>\n<div data-testid=\"article-btg-newsletter-component\" data-section-name=\"newsletter\" data-section-label=\"decoding asia 2\" class=\"track-impression border-t border-gray-175 py-3\">\n<div>\n<p class=\"font-lucida text-xl font-medium italic leading-normal -tracking-5% text-gray-850\">Decoding Asia newsletter: your guide to navigating Asia in a new global order. <span class=\"inline border-none p-0 font-lucida text-inherit text-xl font-medium italic leading-normal !-tracking-5% text-verticals-btblue !underline outline-none\">Sign up here to get Decoding Asia newsletter.<\/span> Delivered to your inbox. Free.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.businesstimes.com.sg\/opinion-features\/reckless-housing-land-bids-developers-faith-singapore-government-can-pay\" target=\"_blank\" rel=\"noopener\">Read Full Article At Source <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Slowing economy could hurt housing demand, high energy prices might raise construction costs [SINGAPORE] Amid a seismic energy shock arising from the Middle East conflict,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":45946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[2611],"tags":[],"class_list":["post-45945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-headlines","wpcat-2611-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/45945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45945"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/45945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/45946"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}