20 Apr '15, 2pm

Singapore Property News This Week #204

Market experts believe that the number of private homes sold in April will increase compared to previous months. In March, a total of 613 private homes were sold by developers. This was 57 percent more than the 390 units sold by developers in February. Market experts believe that as sales are picking up at the North Park Residences in Yishun and Botanique at Bartley, developers’ sale in April should also be good. Ong Teck Hui from JLL said that the pick-up in sales may be sustained if new launches are attractively priced. Ong Choon Fah from DTZ added that in the secondary market, sales is also picking up. This is because the leasing market has been weak and with more new home completions, owners are increasingly motivated to sell instead of renting their properties. According to data by URA, developers sold 79 executive condo units in March, which is an increase from the 6...

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

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