Residential

Good turnout at show flats

Potential buyers are undeterred by new cooling measures as evident by the good traffic at show flats of newly launched projects such as Riversails at Upper Serangoon View and Skies Miltonia at Yishun. Over 300 units at Allgreen Properties’ 920-unit Riversails have been sold, with at least 20 units sold over the weekend. 67% of units at the 420-unit Skies Miltonia have also been sold. This reflects the positive sentiment in the market.

(Source: Business Times)

Good Class Bungalow transaction volumes fall in Q3

Transactions volume in GCBAs fell from 18 transactions at $358.8 million in Q2 to 14 transactions at $285.1 million in Q3. The recent cooling measures (cap on housing loan tenure, lower LTV ratio) are unlikely to have an impact on GCB buyers who tends to be high-net worth individuals. The slowdown in Q3 could be due to the ...