Sunday, June 15, 2008

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Low Take-up in OCR region shows Market Weakness in Outside Central Region Segment

The take-up rate for new launches plunged sharply from 82.9% in 4Q07 to 54.4% in 1Q08 (Chart 2), the lowest since 2000. While developers continued to cut back on their launches in 1Q08, the lower number of units launched still could not be absorbed by the market. A further breakdown of the take-up rate according to different regions showed that the weakness in 1Q08 was in the Outside Central Region (OCR), while take-up rates in the other 2 regions had remained stable following sharp declines in the previous few quarters

- OCBC Investment Research Report, June 2008

May also want to read:
History of Singapore Property 1960 to 2008
Buy or Not Buy: How to decide amid mixed market signals
Smart Buyers, 10 reasons to wait
Property Price Index Graph Plotter & Online Property Valuation


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