Category Archives: New Launches

Demand for mass market homes stable: Wing Tai

Posted on 26 Aug 2009 | Comments Off on Demand for mass market homes stable: Wing Tai
Wing Tai Holdings has sold at least 144 units at the Ascentia Sky development in Alexandra Road at $1,200 to $1,300 psf. — ST PHOTO: DESMOND WEE

SINGAPORE’S property market looks set for recovery, although the ride ahead is not likely to be smooth, according to the chairman of property developer Wing Tai Holdings.

Mr Cheng Wai Keung, speaking yesterday at Wing Tai’s full-year results briefing at Fairmont Singapore, said the mass market segment had probably stabilised and he was cautiously optimistic about the mid-end segment. Continue reading →

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Posted in Developers, New Launches, Property Market / Real Estate, Property Price

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Ghost Month won’t spook buyers

Posted on 23 Aug 2009 | Comments Off on Ghost Month won’t spook buyers

Developers go ahead with launches, hoping buying fervour will overcome superstition

Strong buying momentum in the property market is expected to hold up a traditionally slow month of sales in August as the Hungry Ghost Month – the seventh month of the lunar calendar – kicked in last Thursday.

For non-superstitious home buyers, the good news is developers seem to be going full steam ahead with launches.

The property market typically goes into a lull during this period, which ends on Sept 18 this year, as many Chinese consider it inauspicious to make housing commitments, move house or start renovation work at this time.

But practicality often overrides superstition, especially when buyers are presented with attractive options.

Property consultant Nicholas Mak, who is also a Ngee Ann Polytechnic real estate lecturer, said developers would likely want to ‘capitalise on the Continue reading →

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Posted in New Launches, Property Market / Real Estate

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