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...
Private Home Sales
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...
The sale of private residential properties shot up more than tenfold in February to 1,323 units, compared to just 108 in January. Homebuyers thronged the showflats of mass-market projects like The Caspian in Boon Lay and The Alexis in Alexandra, and they propped up the property sales figures in February, accounting for more than 70 per cent of the units sold for the month. Property-watchers said those...
A bad month for home sales could be followed by upturn JANUARY was a ghastly month for the private home market. Sales hit a two-year low, as the prime downtown areas saw zero launches and just about half of all units launched that month ended up finding buyers, according to official statistics released yesterday. But even though the overall market has kicked off 2009 on a whimper, the mass-market segment...
There has been a sharp pick-up in the number of private home sales in May - more than 441 homes changed hands, about 56 per cent higher than the previous month. Despite the spike, analysts said it is premature to talk about any strong rebound in the property sector. Colliers International’s director of research and advisory, Tay Huey Ying, said: “I wouldn’t say that this set of May numbers give a...