21 May '14, 1pm

New: Singapore Property News This Week #156

6,948 residential units remain unsold in March As of March 2014, 6,948 residential units that were launched are still unsold. This was 252 units more as compared to the previous month. Market analysts believe that the sale of private residential units will remain slow in the next few months. A recently launched residential property in Pasir Ris, Coco Palms, saw more than 3,000 visitors since its opening last weekend. A 1-bedroom unit is priced at about $1,075 per square foot while a 2-bedder is priced at $960 per square foot. Property analysts believe that while prices have been competitive, demand might still trickle in slowly due to heavy competition from other residential projects in the area. (Source: Channel NewsAsia) Non-landed private resale prices plunge 1.7% in April Resale prices of non-landed private houses are the lowest since December 2012 as it plunged 1.7 pe...

Full article: http://www.propwise.sg/singapore-property-news-this-week-...

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