Is Land Cost Coming Down = Lower Property Prices?

Video description from @alanweeproperty

Is Land Cost Coming Down = Lower Property Prices?

Today, I am going to talk about recent development in the land sales market in the Lentor area. This is after a government land sales site in Lentor Garden received a sole bid of $486.8 million or $985psf. This is one of the lowest land bids in recent months. Does this mean land cost is coming down and will property prices be coming down too? Before we jump to any conclusion. Let us study the details first. Let go!

Note: This video was filmed on 12 April 2023 before URA awarded the Lentor Gardens GLS site. https://www.edgeprop.sg/property-news/guocoland-hong-leong-holdings-jv-awarded-lentor-gardens-gls-site

https://wa.me/+6592973150
Alan Wee l #AlanWeeProperty
(65) 9297 3150 I CEA Reg No. R024730A
www.AlanWeeProperty.com (Resale)
www.AlanWee.com (New Homes)
youtube.com/@alanweeproperty
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References:
https://mothership.sg/2016/08/6-reasons-why-the-elephant-is-singapores-secret-national-animal/
https://www.hdb.gov.sg/residential/buying-a-flat/finding-a-flat/plh
https://assets.hdb.gov.sg/residential/buying-a-flat/finding-a-flat/my-nice-home-gallery/eamnh/4room.html
https://mkpl.sg/projects/
https://www.ura.gov.sg/Corporate/Land-Sales/Sites-For-Tender/Lentor-Central-apr23
https://www.guocoland.com.sg/resi_sg.shtml
https://www.hongleongholdings.com.sg/index.html