Tag Archives: New Launches

Homes from sold-out projects back on market

Speculators a minority as they shoot for small flipping gains

Some buyers who managed to lay their hands on units at projects sold out recently are trying to get lucky for the second time – by selling what they snapped up, for a profit.

This brings to mind the government’s warning last week – that some element of speculation is back in the property market. Industry watchers say, however, that subsales are common for fully sold projects and speculation still remains mild.

Advertisements for subsales at Optima@Tanah Merah have surfaced in the last few days – with owners seeking prices Continue reading

Property launches here see sustained interest

Property launches again attracted strong interest at the weekend – days after the government warned buyers against over-committing themselves.

‘Our ground checks last weekend revealed that buyers continued to throng showflats,’ DMG & Partners Securities analyst Brandon Lee said in a note yesterday.

TID – a joint venture between Hong Leong Group and Japan-listed developer Mitsui Fudosan – has sold all 297 units at Optima@Tanah Merah since the public preview began on Thursday last week. Buyers include HDB flat owners and private property owners, who took up the units at an average price of about $810 per sq ft. Continue reading