Singapore home sales in June up 80% from May
July 20, 2008
SINGAPORE: June was the best performing month in terms of home sales since the property market tumbled last September, according to numbers released by the Urban Redevelopment Authority (URA) on Tuesday.
Altogether, 801 private homes were sold, a jump of 80 per cent from May.
But there were also more units launched. The number of units launched in June leapt 125 per cent from May to 1,069 units, meaning that there were more unsold properties in the market.
However, analysts said this would not deter developers from launching even more units in July to capitalize on the momentum, before the arrival of the Hungry Ghost month.
Colliers International expects around 1,300 units to be launched in July, as developers pre-empt the traditionally slow-moving 7th lunar month in August.
In June, most transactions occurred in the suburban regions, while prime locations saw some weakness in sales. No units valued at S$4,000 per square foot or more changed hands last month.
Nicholas Mak, director of Knight Frank, said: “The pick-up is predominantly in mid-tier mass market, because the buyers are owner occupiers. Residents in HDB estates around private condos for sale are forming the backbone of the demand.”
Tay Huey Ying, director for research and advisory at Colliers International, said: “In the current uncertain economic climate, developers are going to continue to delay launches of higher-end projects and likely to focus on mass-market tiers.”
With the suburban market being a price-sensitive one, analysts see developers continuing to employ pricing strategies.
Knight Frank’s Nicholas Mak said: “Developers must price their products quite attractively to generate sales. Any increase in prices, especially a sharp increase, will chase away buyers.”
Prices may be seen softening, but analysts say there will not be a free-fall as underlying demand will put a cap on how far prices may dip.
Source: Channelnewsasia
D12 - The Elysia for Sale/Rent - 2 Bedrooms
June 13, 2008
The Elysia with leasehold 999 years for sale at $800K or rent at $3000 monthly. Near expressways and boon keng MRT. Near city, fully furnished, designer deco with unblocked view, mid level, 818 sqft, move in condition.
Amenities
MRT & LRT
Boon Keng Mrt Station 781 m
900, Serangoon Road, S(328260)
Potong Pasir Mrt Station 941 m
55, Upper Serangoon Road, S(347694)
Woodleigh Mrt Station 1709 m
400, Upper Serangoon Road, S(347695)
Bus Transportation
Saint Michael Bus Terminal 734 m
0, Whampoa Road, S(884012)
Toa Payoh Bus Interchange 1717 m
530, Lorong 6 Toa Payoh, S(310530)
Braddell Hq Bus Depot 1732 m
205, Braddell Road, S(579701)
Schools
Bendemeer Secondary School 301 m
1, St. Wilfred Road, S(327919)
Canaan Church( Sccc) Kindergarten 341 m
84, St. Francis Road, S(328069)
Kim Keat Christian Church Kindergarten 503 m
11, Beng Wan Road, S(339843)
Child Care Centre
Ci You Child Care Centre 371 m
29, Jalan Bahagia, S(320029)
Ntuc Childcare Centre-whampoa 743 m
85, Whampoa Drive, S(320085)
Tai Pei Child Care Centre 819 m
77, Lorong Limau, S(320077)
Medical Facilities
St Georges Clinic And Surgery 457 m
3, St. George\’s Road, S(320003)
Lee Clinic 489 m
2, St. George\’s Road, S(328023)
Peace Clinic 510 m
74, Whampoa Drive, S(320074)
Places of Worship
Church Of Saint Michael 113 m
17, St. Michael\’s Road, S(327976)
Sri Lankaramaya Buddhist Temple 133 m
30c, St. Michael\’s Road, S(328002)
Mar Thoma Syrian Church In Singapore 209 m
20, Jalan Semerbak, S(329052)
Public Commercial Building
Renewal Centre 331 m
88, St. Francis Road, S(328070)
Canaan Centre 341 m
84, St. Francis Road, S(328069)
Umw Building 401 m
1123, Serangoon Road, S(328207)
Shopping Centre
Bendemeer Shopping Mall 870 m
27, Bendemeer Road, S(330027)
Shaw Plaza-twin Heights 1200 m
360, Balestier Road, S(329783)
Balestier Plaza 1290 m
400, Balestier Road, S(329802)
Entertainment
Thian Seng Eating House 472 m
1096, Serangoon Road, S(328193)
Ju Seng Huat Eating House 476 m
6a, St. George\’s Road, S(328025)
Sin Eng Lam 495 m
41, Opal Crescent, S(328428)
Toto Booth
Chwee Huat Trading 510 m
74, Whampoa Drive, S(320074)
Singapore Turf Club - Whampoa Drive 842 m
88, Whampoa Drive, S(320088)
Singapore Turf Club - Geylang Bahru 870 m
57, Geylang Bahru, S(330057)
Hotel
Hoover Hotel 1128 m
246, Balestier Road, S(329706)
Hotel 81 Balestier 1142 m
226, Balestier Road, S(329688)
Hotel 81 Fuji 1151 m
269, Balestier Road, S(329720)
Food Centre
Kim San Chop 625 m
1383, Serangoon Road, S(328254)
Wong Seng Lan 625 m
1383, Serangoon Road, S(328254)
Boon Tong Kee Chicken Rice 697 m
34, Whampoa West, S(330034)
Supermarket
Chiang Seng 457 m
3, St. George\’s Road, S(320003)
Lee Soon Guan 489 m
4, St. George\’s Road, S(328024)
7-eleven 491 m
999, Serangoon Road, S(328157)
Bank
The Development Bank Of Singapore Limited 325 m
14, St. George\’s Road, S(320014)
Oversea-chinese Banking Corporation Limited 491 m
999, Serangoon Road, S(328157)
The Development Bank Of Singapore Limited 510 m
74, Whampoa Drive, S(320074)
Petrol Station
Caltex Singapore Pte Ltd 1029 m
68, Macpherson Road, S(348473)
Mobil Service Station 1160 m
110, Macpherson Road, S(348501)
Singapore Petroleum Company 1247 m
180, Lorong 6 Toa Payoh, S(319381)
Fire Station
Boon Keng Fire Post 1205 m
4, Boon Keng Road, S(330004)
Toa Payoh Fire Post 1451 m
46, Lorong 5 Toa Payoh, S(310046)
Police Station
Neighbourhood Police Posts 371 m
29, Jalan Bahagia, S(320029)
Neighbourhood Police Posts 696 m
105, Towner Road, S(321105)
Neighbourhood Police Posts 951 m
142, Potong Pasir Avenue 3, S(350142)
Post Office
Singapore Post Limited 510 m
74, Whampoa Drive, S(320074)
Singapore Post Limited 805 m
101, Towner Road, S(322101)
Singapore Post Limited 1761 m
520, Lorong 6 Toa Payoh, S(310520)
Government Services
Central Provident Fund Board 1363 m
72, Lorong 5 Toa Payoh, S(310072)
Statutory Boards 1496 m
1, Lorong 6 Toa Payoh, S(319376)
Hindu Advisory Board 1585 m
397, Serangoon Road, S(218123)
HDB Town Council
Balestier Branch Office 759 m
80, Lorong Limau, S(320080)
Jalan Besar Town Council (main Office) 1070 m
70, Geylang Bahru, S(330070)
Potong Pasir Town Council 1093 m
121, Potong Pasir Avenue 1, S(350121)
Swimming Complex
Toa Payoh Swimming Complex 1158 m
297, Lorong 6 Toa Payoh, S(319389)
Kallang Basin Swimming Complex 1239 m
21, Geylang Bahru Lane, S(339627)
Kallang Basin Swimming Complex 1239 m
21, Geylang Bahru Lane, S(339627)
Vehicle Inspection
Automotive Appraiser And Surveying Services 1406 m
424, Balestier Road, S(329810)
Delgro Assessment Centre Pte. Ltd. 1732 m
205, Braddell Road, S(579701)