Many had owned units for less than a year before they sold them for profit Nearly a quarter of those who profitably disposed of a condo or private apartment in the subsale market in the first four months of this year had owned the unit for less than a year, according to an analysis by Savills Singapore. This is higher than the 19.7 per cent who had held their properties for under a year before divesting...
Subsale Market
A higher proportion of them are profitable and the gains have shot up, too Subsales are becoming more and more profitable. At the low point of the market in the first quarter of 2009, only 67.5 per cent of the subsales of private apartments and condos yielded a profit. That proportion grew to 95.1 per cent in Q1 this year and 96.1 per cent in April, according to Savills Singapore's analysis of URA...
Property consultant DTZ said on Tuesday there was less speculative activity in the third quarter this year. In a report, it said the proportion of sub-sales declined from 16 per cent in the second quarter to just 13 per cent in the third quarter. Sub-sales, which refer to re-sales that occurred before the completion of a project, are usually used as an indicator of speculative activities. Another...