Reckless housing land bids? Developers’ faith in Singapore government can pay off
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Developers in Singapore are showing strong confidence in the government despite economic challenges from the Middle East conflict. Recent government land sales saw robust bids, including a Kallang Close site won by Frasers Property and Mitsubishi Estate for S$610.75 million, equating to S$1,415 per square foot. The site will have a gross floor area of 431,615 square feet, accommodating around 470 homes and a childcare centre.
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