29 Dec '12, 11am

New: Singapore Property News This Week #83

With the introduction of ABSD in December 2011, developers have increasingly turned towards smaller sites in 2012, and this is likely to continue in 2013. In particular, small-to mid-size land parcels of below $200 million are expected to be the most popular. While there were record deals such as the sale of Thomson View condominium at $712 psf ppr or $590 million, such cases are rare and attributed to its proximity to the newly announced Upper Thomson MRT station , or the need of some developers to replenish their land banks. 24 sites were transacted year-to-date at a total value of around $2 billion, compared to the 51 sites transacted at $3.2 billion last year. Only three out of the 24 sites sold were in the prime districts; this due to the smaller demand for homes in such districts as a result of the cooling measures.

Full article: http://www.propwise.sg/singapore-property-news-this-week-83/

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