18 Sep '17, 5am

Housing market on road to recovery, say experts

Developer sales for the first eight months of this year has surpassed last year’s total sales. Singapore’s residential market appears to be rebounding, with private home sales reaching about 8,391 units for the first eight months of this year, surpassing the 7,972 units sold for the whole of 2016, according to the Urban Redevelopment Authority’s (URA) data published last Friday (15 September). Not only is it 60.3 percent higher than the figure recorded in the same period last year, it also exceeded the average 7,576 units transacted between 2014 and 2016, following the introduction of the Total Debt Servicing Ratio (TDSR) framework in June 2013. SEE ALSO: UBS avoiding Singapore, HK housing markets Including executive condominiums (ECs), overall home sales exceeded 11,700 units between January and August 2017. This not only translates to a growth of 42 percent year-on-year,...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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