Tag Archives: Property Market

7 types of buyers in the market

Posted on 22 Aug 2009 | Comments Off on 7 types of buyers in the market

1 SPECULATORS

These are the people who buy property with a view to flipping it to make a quick profit.

They have no intention of actually living in their property. As long as they can make money from the property, its design or layout is of little importance.

Some speculators have even bought units without bothering to step into the showflats, while others have sold homes only hours after buying them.

This is the group you can count on for the queues, blank cheques and recession-defying rise in prices.

They can continue playing the market as long as their actions do not get out of control.

2 SPECU-VESTORS

Coined in recent years, this term refers to those who buy to flip but can afford to hold on to their investment if necessary. Continue reading →

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7 signs of the property craze

Posted on 22 Aug 2009 | Comments Off on 7 signs of the property craze

1 PRICES UP

Far East Organization launched its Centro Residences in the heart of suburban HDB town Ang Mo Kio at prices starting from $1,100 per sq ft (psf). Deals done last month were at $1,117 psf to $1,228 psf.

According to property experts, such prices are more typical of city-fringe or prime projects and set a record for suburban leasehold homes.

In the mid-1990s boom, Far East set a leasehold record with its Bishan 8 project selling for up to $1,100 psf.

At a number of recent launches, above-market prices were also seen. For example, Ascentia Sky in the Alexandra Road area sold for $1,064 psf to as much as $1,459 psf.

Next door, The Metropolitan – launched at $780 psf on average in late 2006 – recently traded at around $900 psf to $1,200 psf. Continue reading →

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