Residential

Sales at Vue 8 affected by new home loan curbs

Only 50-plus units were sold at Vue 8 Residence, a 99-year leasehold project in Pasir Ris, due to the general air of caution and longer bank loan approval process after the new total debt servicing ratio (TDSR) framework took effect on June 29. The average prices of the units are between $980 and $1,050 per sq ft, depending on unit types and whether units face the sea. Absolute prices start from $540,000 for a 474 sq ft one-bedder. At 17 storeys high, the 463-unit condo development would have been able to sell between 150 and 200 units in the first weekend prior to the new framework, according to OrangeTee research head Christine Li.

(Source: Business Times)

July developer sales expected to slow down following June surge

Developer sales increased by 23.8 percent month-on-month in June to 1,806 homes ...