21 Sep '15, 2pm

New: Singapore Property News This Week #226

According to market experts, the 69% fall in private home sales month-on-month in August was expected due to the launch of a massive project, High Park Residences, in July. In August, 495 private residential units were sold, down from the 1,611 units sold in the previous month. According to the Business Times, 72% of the private residential units sold in August were in the suburban area where 82% of the new units were launched. Market experts also predict that there will be a buying inertia as property cooling measures may not be lifted so soon. Desmond Sim from CBRE said that the sales in August suggest that there is underlying demand for projects. On the other hand, Alice Tan from Knight Frank said that the Hungry Ghost Festival was not the key factor that affected sales. Pricing and the anticipation of further price adjustments may have played a bigger role in dampening...

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

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