28 Jun '17, 8am

Is anyone actually buying this? "Mixed signals in #Singapore property market point to recovery" #propertynews

While the property market is sending mixed signals, analysts believe the signs point to a potential recovery, reported The Straits Times. Notably, buyers snapped up over 5,700 new private homes over the first five months of this year, a significant increase from the 3,278 sold in the same period last year. “The perception that the market is bottoming out is leading more buyers back and hastening developers in securing sites to capitalise on an expected price upturn,” said JLL national director of research and consultancy Ong Teck Hui. In fact, the fervent land grabbing has resulted to eye-popping bids from developers over the last few months, with entities connected to Singapore Press Holdings and Kajima Development paying $1.132 billion or $1,181 psf ppr for a Bidadari mixed-use site. The collective sale market also gained momentum this year, with four deals done so far c...

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

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