Tag Archives: Land Sales

Fatter year ahead after blip in govt land sales

Posted on 9 Oct 2009 | Comments Off on Fatter year ahead after blip in govt land sales

Analysts expect higher sales proceeds for current financial year as activity in property market picks up

The government collected $7.3 billion from sales of state land in the year ended March 2009, $5.1 billion lower than the record $12.4 billion raked in the year before.

The figures were released yesterday in the Singapore Land Authority’s latest annual report.

Analysts expect to see higher sales proceeds for the current financial year compared to the last as activity in the property market picks up. But proceeds are not expected to hit the record $12.4 billion collected in FY07/08 during the property boom. Continue reading →

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Suburban home prices near highs of 2007-08

Posted on 9 Oct 2009 | Comments Off on Suburban home prices near highs of 2007-08

Some mid-tier projects have topped previous peaks, figures based on URA data show
Citylights, a new condominium which incorporates conservation shophouses in its layout, is almost complete. In the left background are HDB flats along Jellicoe Road. — PHOTO: ST

HOUSE hunters: If it feels like that suburban condominium you are eyeing is just as expensive now as it was during the 2007-2008 property boom, that is because it probably is.

RELATED LINKS   SURPASSING THE PEAK

Although overall private home prices are still some 15 per cent below recent peaks, prices of mass market homes have already climbed back to the levels of early last year, right before the recession hit. Continue reading →

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