24 Aug '15, 9am

Is Singapore's property market finally perking up?

Home sales in Singapore may have surged to a two-year high in July but analysts remain skeptical that the market has gotten out of a funk. That is because over 70 percent of the transactions came entirely from a newly launched project, High Park Residences, located in the north-east of Singapore, which saw solid take up because of its relatively low price of S$989 ($702) per square foot and proximity to the city's new aerospace hub, according to analysts. The median price of the top 15 selling projects in July stood at $1,355 per square foot, according to Barclays. Developer sales quadrupled from the previous month and more than tripled compared to a year earlier to a two-year high of 1,594 units last month, government data showed on Monday. Less than 30 percent of transactions came from previously launched projects however, underscoring overall demand remains tepid, says ...

Full article: http://www.my-property-report.com/articles/is-singapores-...

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