19 Nov '13, 9am

Pte home sales expected to pick up further in November with the brisk sales of Duo Residences and Inflora

Developers’ sales of private homes are poised to rebound this month with the brisk sales of Duo Residences in Bugis. This comes after sales transactions slipped 19% in October to 1,009 units from 1,246 units in September this year. In comparison to the same period a year ago, October’s figure was almost half of 1,949 units transacted in October 2012. Experts expect between 1,400 and 1,500 unit sales to be transacted this month. As at 3pm yesterday, 468 units had been sold out of 540 units released at the 660-unit Duo Residences. According to a statement from the developer M+S, a tie-up between Khazanah Nasional and Temasek Holdings, units were moved at an average price of about $2,000 psf with 78% of the units picked up by Singaporeans while Malaysian buyers accounted for 16%. Word on the street was that sales had touched 565 units by 7pm. The 49-storey project is part...

Full article: http://www.iproperty.com.sg/news/7910/Expect-private-home...

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