With property developers rushing to launch new projects, the once quiet market is buzzing again.
I spent a few Saturdays visiting the sales galleries of some property new launches, including the Jewel@Buangkok, Sant Ritz, Bartley Ridge, the Panorama, etc. I also went to see some mixed development like the VE NUE Residences, Midtown Residences and Nine Residences.
When the sellers outnumbered the buyers
URA just released the latest sales figures of new condos. Developers managed to sell a total of 724 units in February. It is 28 per cent higher than January but is still some 55 percent lower than last year’s monthly average.
With all the cooling measures, it is very challenging to find buyers who can fit the following criteria:
1. People who are keen to buy in this market.
2. People who are buying for the first time, or don’t mind paying the additional stamp duties.
...
