29 Aug '14, 7am

Private home sales fall far short of pre-TDSR levels

Comment E-mail to friend Bookmark & Share Weaker sentiment and the likelihood of further price drops will hamper sales volumes in the private housing market, especially of resale homes, said DTZ. The report highlighted the government’s reluctance to relax the property cooling measures at this stage, buyers continuing to adopt a wait-and-see approach and rosier investment opportunities abroad as some of the reasons keeping buying interest down. Within the secondary market, although some units have been priced more realistically, there are sellers looking to hold off until market conditions are more favourable. On the other hand, demand for new homes is expected to hold up better as developers have more options to promote projects strategically and creatively to attract buyers. “As the past quarter has shown, projects that are well-located and priced affordably should contin...

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

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