17 Feb '14, 8am

URA release PropNex: 2014 will be a challenging year for private residential sales in Singapore. Find out why here.

Sales of new private homes up in January 17 Feb 2014 2014 will be a challenging year for private residential sales in Singapore Developers sold 565 private homes, excluding executive condominiums (ECs) in January 2014, up over 118% from the dismal 259 units sold in December. This is largely due to the launch of two major developments—The Panorama at Ang Mo Kio Avenue 2 and The Hillford at Upper Bukit Timah. Including ECs, developers found buyers for 610 homes, which also reflect a rise of 83% from the previous month’s figure of 333 units. Analysing the figures, Mr Mohamed Ismail, CEO of PropNex Realty said: “Prospective homebuyers are exercising even greater caution in their capital outlay before committing to make the property purchase, more so now that there are numerous buying curbs in place; I believe that buyers will continue to be highly sensitive to properties with ...

Full article: http://www.propnex.com/mediareleasedetails.aspx?PressID=235

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