Singapore Developers Could Take More Measured Stance in Bidding for Certain Housing Sites -- Market Talk

Dow Jones

05/08

0455 GMT - Singapore property developers could be more measured in bidding for sites to build executive condominiums, a type of subsidized public housing with private-home-type amenities, says ERA Singapore's Marcus Chu in an email. This comes after the government announced measures to boost affordability in the real-estate market by changing policy for this form of housing. Chu estimates it could take about 1.5 years for the effect of the measures, which include extending the minimum occupation period for executive-condominium owners, to emerge. A spokesperson for City Developments, one of the city-state's biggest developers, says the new policy doesn't affect its two upcoming executive-condominium projects, as the updates apply to future site tenders. CDL shares fall 1.6% to S$8.20. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

May 08, 2026 00:55 ET (04:55 GMT)

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This comes after the government announced measures to boost affordability in the real-estate market by changing policy for this form of housing. Chu estimates it could take about 1.5 years for the effect of the measures, which include extending the minimum occupation period for executive-condominium owners, to emerge. A spokesperson for <a href=\"https://laohu8.com/S/C09.SI\">City Developments</a>, one of the city-state's biggest developers, says the new policy doesn't affect its two upcoming executive-condominium projects, as the updates apply to future site tenders. CDL shares fall 1.6% to S$8.20. 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This comes after the government announced measures to boost affordability in the real-estate market by changing policy for this form of housing. Chu estimates it could take about 1.5 years for the effect of the measures, which include extending the minimum occupation period for executive-condominium owners, to emerge. A spokesperson for City Developments, one of the city-state's biggest developers, says the new policy doesn't affect its two upcoming executive-condominium projects, as the updates apply to future site tenders. CDL shares fall 1.6% to S$8.20. 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