Tag Archives: Singapore Property

Pace of new home sales eases in Aug

Posted on 16 Sep 2009 | Comments Off on Pace of new home sales eases in Aug

Figure dips to 1,699 from July’s 2,772 but it’s still robust – it was 325 in Aug 2008
Interest in homes remains high with buyers picking up 203 units at the 235-unit Viva in Suffolk Walk last month. — ST FILE PHOTO

THE buying rush that galvanised home sales in July eased off last month, with 1,699 units of new private homes changing hands.

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That is still a robust number – only 325 units were sold in August last year – but well under the record 2,772 shifted at breakneck pace in July.

The slower pace of sales was possibly due to the onset of the Hungry Ghost Month, which prompted some developers to lie low as superstitious buyers stayed away. Continue reading →

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

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Govt move has ‘no impact’ on new launches

Posted on 16 Sep 2009 | Comments Off on Govt move has ‘no impact’ on new launches

PROPERTY developers were sticking to their prices yesterday following the Government’s announcement of a slew of measures designed to cool the market.

At two of Singapore’s more eagerly anticipated launches, The Interlace and Hundred Trees, developers said they did not foresee any need for price adjustments.

A spokesman for CapitaLand said it was holding prices at between $850 and $1,150 psf for The Interlace at the former Gillman Heights site.

She noted that less than 5 per cent of buyers at the developer’s other new property – The Wharf Residence, launched earlier this year – had opted for the interest absorption scheme (IAS) abolished by the Government on Monday.

The scheme, popular among investors and speculators, allowed buyers to put down a deposit and make no further payments until the property was completed.

City Developments Limited’s spokesman Gerry de Silva played down speculation among property agents that CDL’s upcoming Hundred Trees site would be priced under $950 psf, saying that no price had been set yet.

Mr de Silva said the government measures would ‘have minimal effect on our plans to launch Hundred Trees and other developments’.

He also cited the low take-up rate of IAS among purchasers. Continue reading →

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

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