15 Jan '12, 11pm

Property cooling measures making home buyers cautious

Property cooling measures making home buyers cautious

Visitors checking out Riversound Residence in Sengkang yesterday. More than 60 units have been sold since the project was launched the previous weekend. -- ST PHOTO: TED CHEN By Esther Teo, Property Reporter It is the week before Chinese New Year and home buyers, while still turning up in healthy numbers at show-flats, prefer to remain cautious and keep their options open. A Straits Times check over the weekend unearthed a steady stream of visitors at show-flats but few buyers. Analysts said the possibility that home prices might fall following the latest round of cooling measures last month kept many potential buyers at bay. At Qingjian Realty's 590-unit Riversound Residence in Sengkang East Avenue, about 10 apartments were sold at an average price of $850 per sq ft (psf), bringing total sales to more than 60 units since the project was launched the previous weekend. Mr Z...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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