Singapore´s private property market continued to do well with a new record of 1, 825 units sold in June this year, data from the Urban Redevelopment Authority shows.
This some 6 percent higher than the last peak in Aug 2007.
According to Jones Lang LaSalle, condominiums in the rest of central region witnessed the highest transactions compare to the other central areas, shifting 864 units.
It is also the only region which recorded an increase in sales at 42.3 percent month-on -month.
Meanwhile, those in the core central region and outside of central region sold 506 and 406 units respectively.
“The overall sentiment has improved over the past months and we are beginning to see a return of interest from foreign buyers seeking opportunistic buys. We have also witnessed increased requests to source for properties in prime areas from buyers in India, Hong Kong, Indonesia and Europe ,” says Jones Lang LaSalle’s head of residential, Jacqueline Wong.
Source : Asia Property Report – 25 July 2009
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