Tuesday, 1 November 2011
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Malaysia Star, 1 Nov 2011
SINGAPORE: Sales of new private homes may come close to last year's record high, but they are unlikely to surpass the figure, with global economic uncertainty affecting demand, according to experts.
Home sales for the first nine months of this year came in at a slightly more robust 12,301 units compared with 12,051 units in the same period last year.
However, experts said a slower final quarter was likely to leave the final figure below last year's tally. Developers sold a record-breaking 16,292 homes last year as rock-bottom interest rates and pent-up demand from first-timers and upgraders drove the property market to a new high. Full story
Singapore home sales unlikely to beat last year’s record
Malaysia Star, 1 Nov 2011SINGAPORE: Sales of new private homes may come close to last year's record high, but they are unlikely to surpass the figure, with global economic uncertainty affecting demand, according to experts.
Home sales for the first nine months of this year came in at a slightly more robust 12,301 units compared with 12,051 units in the same period last year.
However, experts said a slower final quarter was likely to leave the final figure below last year's tally. Developers sold a record-breaking 16,292 homes last year as rock-bottom interest rates and pent-up demand from first-timers and upgraders drove the property market to a new high. Full story
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