Private home sales kept up their momentum in February, with 1,196 units changing hands. This is down by some 280 units or 19 per cent from January, where the spike in transaction volumes prompted the government to introduce more anti-speculative measures. But February's figure is still above market expectations. Analysts had earlier projected sales to range between 800 and 1,000 units. Analysts said...
New Home Sales
Private home sales kept up their momentum in February, with 1,196 units changing hands. This is down by some 280 units or 19 per cent from January, where the spike in transaction volumes prompted the government to introduce more anti-speculative measures. But February's figure is still above market expectations. Analysts had earlier projected sales to range between 800 and 1,000 units. Data released by...
Speculators or upgraders behind June's record high THE last time figures were anywhere near as high was the peak of the property boom in Aug 2007. A surge in momentum in the stock and property market, already on an upward trend, last month saw private home sales by property developers hit a new high of 1,825 units. But is this an accelerating recovery based on real fundamentals, or a developing bubble...
Sales of uncompleted private homes continued to climb in June as improving sentiment in the market spurred homebuyers to snap up more units. 1,825 new private homes were sold last month – a 9.4 per cent rise from May. The strongest sales were seen at 8@Woodleigh, a condominium at Potong Pasir, where units were sold at a median price of S$804 per square foot. All 330 units at the property were snapped up...
Sales of uncompleted private homes climbed 37 per cent on-month in May as improving market sentiments spurred more home buyers to snap up properties. A total of 1,668 units were sold last month, up from 1,214 in April. Home sales in the mid-tier market picked up pace in May. The developments that sold the most units last month were Martin Place, The Wharf, The Arte and The Mezzo. These four projects,...
Developers have achieved an 18-month high in private homes sold in a month, with the 1,000-unit mark having already been breached so far in February. Most of the developers who are prepared to pare their price expectations to more affordable levels continue to be rewarded. A near 10 per cent price chop was all it took for GuocoLand to sell off almost 90 per cent of the 182 units at The Quartz condo in...
New home sales rose for the third month in a row in July. However, the pace of growth slowed significantly, with developers launching more homes than they could sell. According to latest figures released by the Urban Redevelopment Authority (URA), buyers picked up some 900 new private homes last month, 12 per cent more than in June. This comes after new home sales almost doubled between May and June. But...