What could residential buyers learn from developers?

Only 2 bids for Jalan Tembusu 99 years leasehold sites on 18 July 2023!

Wait a minute…isn’t this site just opposite Tembusu Grand?

In Jan 2022, this site attracted 8 bidders!

The current site was awarded to Sim Lian at SGD 1,069 psf per plot ratio!

What!

CDL paid SGD 1,306.26 psf ppr in January 2022 for Tembusu Grand!

And

Singhaiyi paid SGD 1,350.50 psf ppr in June 2022 for Grand Dunman!

There were 7 bidders for parcel B at Tampines Street 62!

Parcel B was awarded for Executive Condominium development.

Things to note:
1. There is perceived over supply of condominiums in District 15
2. There are currently 1,300 unsold new launched units in District 15
3. EC is perceived to be the more affordable options for many public house owners who were looking at upgrading their life style
4. EC is perceived as more attractive because there is no Additional Buyer Stamp Duty when the purchasers continued to stay in their existing home until the EC is ready for move in.

Do you believe believe supply shortage District 15 is really saturated?

Do you believe it is wiser to buy EC to private condominium?

Do you believe buying EC is really a privilege of Singaporeans?