26 May '17, 1am

Get the Guru View: Is the new launch market heating up?

Get the Guru View: Is the new launch market heating up?

A crowd of potential buyers at the Park Place Residences showflat. (Photo: Lendlease) Photos of thronging showflats and news of sell-out projects suggest that the new launch market is escaping the doldrums. By Chang Hui Chew After a relatively long period of lacklustre performance, the new launch private condo market looks like it is finally on the rebound. Earlier this month, the Urban Redevelopment Authority (URA) reported that developer sales for April 2017 doubled from the same period a year earlier. Month-on-month however, sales volumes fell by more than 12 percent. Brisk sales in the month of April were attributed to the launch of Frasers Centrepoint’s Seaside Residences at Siglap Link, which saw massive crowds at the showflat prior to the ballot. According to URA’s developer sales figures for the month, the project sold 419 out of 560 units, at the median price of $...

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

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