Tag Archives: Singapore Real Estate

July sales of new private homes at all-time high

Posted on 18 Aug 2009 | Comments Off on July sales of new private homes at all-time high

PRIVATE home sales rocketed to a record in July as buyers defied the economic downturn to propel the property market into unprecedented territory.

Prices are also on the same track with values rising amid the rush to seal deals.

Developers sold a whopping 2,767 units of new private homes last month. This easily beat the 1,825 units sold in June, itself a number that had never been reached in the 2007 boom.

The numbers ‘almost defy belief’, said PropNex chief executive Mohamed Ismail, who described the recovery as nothing short of amazing.

The buying splurge brought new home sales in the first seven months of the year to 10,017 units. This is only about 10 per cent below the full-year Continue reading →

Comments Off on July sales of new private homes at all-time high

Posted in Property Market / Real Estate, Property Price

Tagged , , ,

Prices inch up as home sales hit new highs

Posted on 18 Aug 2009 | Comments Off on Prices inch up as home sales hit new highs

Even as news of the 52 per cent month-on-month jump in developer home sales to a stunning 2,767 units in July begins to sink in, analysts are revising their predictions for the full year.

The 1,825 units sold in June already constituted a record but that number was surpassed effortlessly last month as buyers, eager not to miss the boat, rushed in and developers rolled out tempting new offerings. They launched 2,878 private homes in July, up 75.8 per cent from the June figure. For a year that started gloomily, 2009 may shatter private home sales records.

From Jan 1 to July 31 this year, developers sold 10,017 private homes. The previous full-year record of 14,811 units set in 2007 is likely to be overtaken with some market watchers forecasting sales of up to 16,000 units for the full year 2009.

But it will be a toss-up between developers wanting stronger price appreciation and booking more sales, some property pundits say. Evidence of Continue reading →

Comments Off on Prices inch up as home sales hit new highs

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

Tagged , , , , ,