Property consultancy firm CBRE said that more than $500 million worth of Good Class Bungalows (GCBs) have been sold during the first quarter of 2010.
Based on CBRE’s analysis of URA Realis caveats, 29 deals were made in Q1 2010, amounting to $470.33 million. In addition, Mr. Douglas Wong, director for luxury homes at CBRE, confirmed [...]
Mass market private homes established a positive start to the recovery of the property market last year, which was spurred by stable demand and priced-to-sell projects in the early part of the year.
Home buyers, dominated by HDB upgraders, were responsible for the overcrowding in showflats during that period. The increasing numbers of units appearing on [...]
Increased buying spurred sales of developers in July 2009 to an amazing 2,772 units. The figure is more than three times the monthly average sales of 700 to 900 units for the last 10 years.
If the monthly average of more than 1,400 units sold did not make policymakers sit up, the robust sales certainly caught [...]
Measures to cool property market appear to have worked: Mah
SINGAPORE: The government said on Monday the measures taken to cool the property market appear to have had the desired effect.
Speaking in Parliament, National Development Minister Mah Bow Tan noted that since the measures were introduced, the sale of private homes fell 37 per cent on—month [...]
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