25 Jul '16, 11am

so these are the Days-on-the-Market for Singapore property

Days-on-the-Market (DOM) is an important measurement in property. It measures how long a home is listed for sale before someone buys it. According to SRX property, the average DOM for HDB is 82 days. This meansit takes almost three months, on average, to sell an HDB home. It’s much worse for condos . The DOM for private is 137 days, or over four months to sell a condo unit. Typically, the average DOM is inversely correlated to market conditions, meaning it’s long (or high) when demand is low and the market is slow. In contrast, the average DOM is short (or low) when the market is hot and homes are selling like hotcakes. As such, it’s easy to blame today’s unusually long DOM of 82 and 137 days on the Cooling Measures . In my view, though, this is too easy of an answer. Yes, Cooling Measures have reduced demand but a DOM of three to four months? This is an awfully long time ...

Full article: http://www.srx.com.sg/singapore-property-news/21782/srx-i...

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