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SINGAPORE’S private property market is off to a strong start this year, with new-home sales in January coming in at a record-setting pace. The Urban Redevelopment Authority (URA) said yesterday that 1,476 new homes were sold last month, sharply higher than the 481 units sold in December and 601 sold in November. It is also the first [...] Big turnaround after blip of last year’s Q4; choice locations feel the buzz too The private housing market has entered the year on a firm footing, with developers’ home sales in January rising to 1,476 units – three times as high as the previous month. They also hit their highest level since August last year. Of the [...] Experts see a shift from mass market sector, say big jumps in prices unlikely After the unexpected mid-recession housing boom last year, all eyes are now on whether the property market will continue to sprint ahead or if it will finally stop for a breather. The answer, according to property consultants, is a bit of both. While the [...] Foreigners again look to buy homes on the island as the economy improves AFTER a muted 2008, property sales at Sentosa Cove picked up again in 2009 as buyer interest returned to the high-end and luxury segments of Singapore’s property market. According to data compiled by Savills Singapore, 125 non-landed and 33 landed homes were sold on [...] MANY expected to see a surge in the number of home loan defaults, what with the worst recession in Singapore’s history and the rising tide of jobless people struggling with mortgage instalments. Nothing, it turns out, could be further from the truth. The number of properties put up for mortgagee sale fell to a 12-year low [...] Mass-market sales may ease, focus is on high-end homes Markets are stabilising and developers here are ready to roll out pricey homes. Industry watchers are keeping their fingers tightly crossed for the high-end residential sector, which could see more launches next year if economies sail smoothly towards recovery. According to Colliers International estimates, 10,671 private homes are [...] |
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