Since January 2014, developers have launched 42 private condos. 2014 was a tough year as the Cooling Measures drove down price and transaction volume.
How has each of the 42 new launches performed?
This is some blog description about this site
Since January 2014, developers have launched 42 private condos. 2014 was a tough year as the Cooling Measures drove down price and transaction volume.
How has each of the 42 new launches performed?
In Jan 2014, I wrote about why this year could be turbulent for property market stakeholders. In the recent weeks, there were some reports on how quiet the high-end property market in Singapore is. A casual observer may think that this is just limited to the high-end sector; in reality, the market malaise is probably more wide spread than what many people realise.
For those who are wondering just how bad the market is, here are 3 indicators to shed some light on the health of the Singapore residential property sector.
[SINGAPORE] Developers' sales of private homes nearly doubled in May from a month ago as new launches were priced to target buyers who have become more price-sensitive as a result of loan curbs.
But such robust sales are unlikely to be repeated this month, a seasonally slow period because of the school holidays. Even the World Cup soccer competition could become a distraction for potential buyers in this tepid market, analysts say.
"It is premature to conclude that the market has revived from its slump," said Ong Teck Hui, national director of Research and Consultancy at JLL, pointing to the mixed showing at new launches last month.
Latest data from the Urban Redevelopment Authority showed that developers sold 1,470 private condos last month, the highest level since June 2013 and a 96 per cent jump from the 749 units sold in April. The top five projects made up 78 per cent of total sales in May.