23 Jun '14, 7am

Surge in new private home sales, Iskandar remains attractive industrial site. Week in Review:

Surge in new private home sales, Iskandar remains attractive industrial site. Week in Review:

May proved to be a record breaking month for new private home sales, with 1,470 units sold, a 96 percent increase compared to the 749 units in April. Data from URA indicate that this is the highest number since the Total Debt Servicing Ratio (TDSR) was introduced last June. Despite sales volumes nearly doubling, the number of private homes launched in May was up threefold compared to April. Mr Nicholas Mak, Executive Director of Research and Consultancy at SLP International Property Consultants, said in a Today interview “the market is still quite soft and buyers are still price-sensitive, because the projects that have sold well are perceived by the buyers as attractively-priced.”

Full article: http://www.iproperty.com.sg/news/8833/Week-in-Review---19...

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