Tag Archives: Singapore Property Market

Private home sales slow

Posted on 15 Oct 2009 | Comments Off on Private home sales slow
Property buyers at the preview of the Hundred Trees condominium project located at West Coast Drive. — ST PHOTO: SHAHRIYA YAHAYA

DEVELOPERS sold 1,143 units of new, private homes in September, down from 1,804 units in August, after the Government introduced measures to prevent excessive price swings in the property market.

They launched 1,413 units in September, down from 1,613 units in August, according to data released by the Urban Redevelopment Authority on Thursday. Continue reading →

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Sales of uncompleted private homes fall 36.6% in Sept

Posted on 15 Oct 2009 | Comments Off on Sales of uncompleted private homes fall 36.6% in Sept

Sales of uncompleted private homes took another dip in September, the second month of decline, after hitting a record high in July where 2,772 units were sold.

A total of 1,143 units were sold last month, a 36.6 percent fall from August.

Market watchers said this level of activity is more sustainable going forward.

5,719 units were sold in the third quarter alone, more than the whole of last year.

But activity has tapered since, and observers said it is unlikely to test the record sales of 2,772 units in July going forward.

Analysts said that is partly due to the government’s anti-speculative measures that have kept speculators away.

At the same time, some developers have also delayed new launches during the Lunar Seventh Month period, which is a traditionally low season for the property market. Continue reading →

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

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