Tag Archives: Centro Residences

Pace of new home sales eases in Aug

Posted on 16 Sep 2009 | Comments Off on Pace of new home sales eases in Aug

Figure dips to 1,699 from July’s 2,772 but it’s still robust – it was 325 in Aug 2008
Interest in homes remains high with buyers picking up 203 units at the 235-unit Viva in Suffolk Walk last month. — ST FILE PHOTO

THE buying rush that galvanised home sales in July eased off last month, with 1,699 units of new private homes changing hands.

RELATED LINKS      STILL STRONG

That is still a robust number – only 325 units were sold in August last year – but well under the record 2,772 shifted at breakneck pace in July.

The slower pace of sales was possibly due to the onset of the Hungry Ghost Month, which prompted some developers to lie low as superstitious buyers stayed away. Continue reading →

Comments Off on Pace of new home sales eases in Aug

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

Tagged , , , , , , , , , ,

Developers raise price of DBSS flats to ride on property boom

Posted on 5 Sep 2009 | Comments Off on Developers raise price of DBSS flats to ride on property boom

Private developers have raised the prices of HDB’s Design, Build and Sell scheme (DBSS) flats to capitalize on the property boom, this coming days after Minister for National Development Mah Bow Tan conceding that prices of resale HDB flats will continue to rise.

DBSS projects are designed, built and sold by private developers. They offer condominium-style fittings, layouts and facilities but are subject to public housing rules, such as the household income ceiling, ethnic quotas and a five-year minimum occupation period.

As they are not built by HDB, the prices are set entirely by the private developers who are in the business to make a profit in the first place.

The prices of flats at Natura Loft at Bishan and The Peak@Toa Payoh have risen by up to 3 per cent, or $20,000. Current prices, which average at $500 psf are only slightly lower than prices of completed mass market condominiums in the suburbs such as Orchid Park condominium and the Seletaris in Sembawang. Continue reading →

Comments Off on Developers raise price of DBSS flats to ride on property boom

Posted in HDB, New Launches, Property Price

Tagged , , , , , , , , , , ,