Developers show high expectations, confidence

An index measuring the expectations of property developers for the first half of 2010 has reached 76.5 points. That is the highest level recorded since the Real Estate Information Centre (REIC) began surveying property developers in the third quarter of 2006. Another REIC index in last year’s fourth quarter showed developer confidence stood at 57.8 points, up from a bottom figure of only 36.6 points in the first quarter. (The Nation)