Residential

November new home sales: buyers more selective on location and pricing

November’s sales figures for new private homes show that buyers are now more selective on location and attractive pricing. According to data from the Urban Redevelopment Authority (URA), developers moved 1,228 units (excluding executive condominiums) in November, which is a 15 percent increase from the figure of 1,070 in October. This translates to a take-up rate of 95 percent for the 1,293 new private homes launched in November. Since the total debt service ratio (TDSR) framework was introduced in late June, developers sold just 481 private homes in July, compared with 1,806 units in June. But November’s sold units prove that buyers are still having interest to attractively priced and well-located projects.

(Source: Business Times)

Five residential sites to be launched this month

Under the H2 2013 Government Land Sales Programme, five 99-year leasehold residential sites which are ...