Tag Archives: Singapore Property Market

Demand for mass market homes stable: Wing Tai

Posted on 26 Aug 2009 | Comments Off

Wing Tai Holdings has sold at least 144 units at the Ascentia Sky development in Alexandra Road at $1,200 to $1,300 psf. — ST PHOTO: DESMOND WEE

SINGAPORE’S property market looks set for recovery, although the ride ahead is not likely to be smooth, according to the chairman of property developer Wing Tai Holdings.

Mr Cheng Wai Keung, speaking yesterday at Wing Tai’s full-year results briefing at Fairmont Singapore, said the mass market segment had probably stabilised and he was cautiously optimistic about the mid-end segment. Continue reading →

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

Tagged Developers, Market Report, New Launch, Property Investment, Property Price, Real Estate Facts & Figures, Singapore Property Market, Singapore Real Estate, Wing Tai Holdings

Property sales soar in Singapore

Posted on 26 Aug 2009 | Comments Off

Residential property sales in Singapore have soared, reaching a record high since the country’s Urban Redevelopment Authority began recording figures.

The latest data shows there were 2,767 real estate units sold in July this year, the highest monthly sales volume since records began in 2007. This followed another record month in June when 1,825 units were sold.

This means that property sales rose by 51.6% from June to July and it also represents a year-on-year increase of 206.8% in sales volumes.

Analysts say that the astonishing improvement in the country’s real estate market is due to developers not being greedy and property investors recognising that the middle and luxury markets are competitively prices.

‘The robust sales momentum in July can be attributed to stronger market sentiment as well as an improvement in economic fundamentals, and Continue reading →