15 Dec '16, 8am

[email protected] comments on the @URAsg Sales Volume for Nov16 : Private housing market demonstrates resilience

CBRE Comments: URA Sales Volume November 2016 Desmond Sim, Head, CBRE Research, Singapore and South East Asia: The private housing market continued to demonstrate resilience, going by new home sales last month. Buyers bought a total of 860 new homes, of which 46 per cent were from new launches Queens Park and Parc Riviera. With a dearth of new options, the units from existing projects will benefit from this underlying demand, a phenomenon that has over the past few months helped to reduce unsold inventory to 20,577 (as at Sept 2016). Developers have sold 7,769 homes so far this year, crossing the sales tally of 7,440 units recorded in 2015. It is very possible that the market will see 8,000 units sold in 2016. This is despite fewer projects and units launched for sale this year, and the muted numbers expected in December in the absence of new launches. Buyers are motivated...

Full article: http://www.cbre.com.sg/aboutus/mediacentre/mediaarchives/...

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Lisa Beres December 19, 2016 No Comments

Lisa Beres December 19, 2016 No Comments

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