City Developments (CDL) and its parent company Hong Leong Holdings own the largest land bank among developers in Singapore, according to a DTZ study reported in the media.
Starting the year with around 4,215 units in their combined land bank, CDL and Hong Leong retained their top spot from the previous year, when they held some 6,383 units.
UOL came in second with about 1,415 units, followed by Bukit Sembawang (1,395 units).
The land bank data comprises unsold units from sites with planning approval and the estimated units from projects without planning approval as of January 2014.
The figures include both executive condominiums (ECs) and private projects.
Hongkong Land and its subsidiary MCL Land would have landed in second place if state land tender awards after January 2014 were included.
Their land bank would have soared to approximately 1,931 units from 804, after two EC plots in Choa Chu Kang were awarded to MCL Land.
Aside from big developers, this year’s top 10 spots also saw a heavy Chinese presence, such as Qingjian Realty and Kingsford Development.
DTZ noted that the estimated land banks of Far East Organization, Frasers Centrepoint, Keppel Land and CapitaLand are in the range of around 1,250 to 1,350 units.
MCC Land and Hao Yuan Investment came in 10th with a combined land bank of about 935 units. Although the two firms are unrelated, they work together on projects.
Muneerah Bee, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
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