The Urban Redevelopment Authority (URA) published February’s data on "private residential units sold by developers” or new home sales on Tuesday (March 15). For last month, developers only managed to sell 527 units. The sales volume is the lowest in 21 months, with 21.9 percent drop from 673 units in January. It is also a 66 percent plunge from 1,547 units sold last November – … [Read more...]
What’s happening in new projects and the private home market?
Allow me to start with our familiar tone of sponsored content in the media. • What Singaporeans need to know about condominium new launches • Prices of “not-so-new” developer projects after discounts may surprise you • Discover a smarter way to read the real estate market with URA’s property data • How sales performance of new projects looks like years after first … [Read more...]
What happened to buyers who overpaid at new launch?
This blog post will share with you the bloody truth of buyers who overpaid for their homes at new launch. We will also look at condominiums that once set new price record in their respective district during launch and how they are doing now. Caution: This is not another feel good article about Q2 economy grows 14.3 percent or profit jumps 37 percent, compared with … [Read more...]
Behind the “sins” of the property market
The title of this post is inspired by one of the readers who ordered my new book Behind The Scenes of The Property Market online. He asked in his e-mail when he would have “The Sins of the Property Market” delivered to him. I immediately sent him the book because any delay would be a sin. Besides, he is most likely a loyal follower of my blog who got the idea from my old … [Read more...]
How well are developers’ new projects selling?
Normanton Park is the biggest new condominium launch since the start of 2021. Marketers had been bombarding consumers with e-mail, print and online ads for weeks. Before the end of the launch weekend on January 17 Sunday 6 pm, The Straits Times and The Business Times published unanimously a celebratory headline online that read “Normanton Park developer sells nearly a third … [Read more...]