The number of successful collective sales in the last six months has attracted much media attention. Most analysts focus on the high prices paid by developers or the substantial additional supply that could result as the sites are redeveloped.
Collective sales are a successful model for urban rejuvenation and developers' exuberance is indicative of Singapore's competitiveness and prospects. Recent increase in housing grants and policy changes are positive for sentiment. In the first quarter of 2017, two separate policy changes lifted buyer sentiment in the private residential market.
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