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A Singapore Real Estate Digest by Justin Ng
October 2008 Edition
Latest Singapore Property Market News
Singapore\’s Q3 private home prices down 2.4% on quarter
SINGAPORE:
Private home prices in Singapore came in weaker than expected for the
third quarter, dropping by 2.4 per cent - worse than an earlier
estimate of 1.8 per cent. The quarter-on-quarter drop was the first
decline in more than four years.
Data
from the Urban Redevelopment Authority (URA) showed prices fell across
the board, with prices for high-end homes in prime areas seeing the
biggest drop of 2.7 per cent.
Read More…
September figures show continued softness in private home sales
SINGAPORE: Sales of private homes in Singapore improved 17.5 per cent in September, compared to the previous month.
But analysts said the pickup fell short of expectations, given the low base in August caused by the Hungry Ghost Festival.
The seventh month of the Lunar calendar is traditionally regarded as an
inauspicious period and buyers usually refrain from making purchases
during that time.
Almost 300 per cent more units were launched for sale in September,
compared to August.
Property developers sold 376 units in September, just 51 units more
than the preceding month. Nonetheless, some analysts see something to
cheer about in the data.
Read More…
Featured: Sim Lim Square Units for Sale
Sim
Lim Square, commonly referred to as SLS, is an established 390,000
square feet (36,000 m2) commercial shopping centre specialising in
electronics and IT Products in Singapore, and is generally regarded in
modern day Singaporean culture as perhaps the most established “IT
mall” compared to its closest competitors. Popular with both tourists
and locals, CNET Asia has called it the “electronics hub of Singapore”.
There
are currently 3 shop/retail space with good frontage for sale with
tenancy. Please kindly contact Justin @ 91029456 if you are keen to
explore further.
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