Tag Archives: Developer Sales

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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Keppel, other developers rev up for sales

Posted on 21 Aug 2009 | Comments Off on Keppel, other developers rev up for sales

KEPPEL Corporation and Keppel Land are releasing a new batch of 30 units at their Reflections at Keppel Bay condo today at an average price of $1,950 per square foot (psf), assuming buyers will take the deferred payment scheme (DPS).

Buyers who opt for the normal progressive payment scheme pay 3 per cent less. Sizes of units range from 900 sq ft to 1,600 sq ft. The 99-year development is still under construction.

Reflections at Keppel Bay comprises a total of 1,129 units, of which 638 were sold as at end-July, according to Urban Redevelopment Authority data released this week. In July alone, five units were sold at prices ranging from $1,641 psf to $2,195 psf.

Keppel is also riding on the current uptick in home buying to release for sale units at the completed Caribbean Residences nearby at an average price of $1,300-1,400 psf.

Caribbean Residences comprises a total of 168 apartments at the completed 99-year-leasehold Caribbean at Keppel Bay condo that the group had Continue reading →

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Posted in Developers, New Launches

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