Property Sales Up in May but Unsold Units Increase: Singapore Property Market Outlook

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I just drop by to say "thank you" for your excellent blog, and safe me from committing at a high price and wrong time buying. It helps me a small property hunter(with hard earning money) and others(i believed)a better inform. Thank you again...

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I've just graduated and started working, and I hope to own a residential property in Singapore after 2010/2011. So I'm starting to do my Singapore property research now. I have never come across such a comprehensive coverage on the Singapore property market, and I thank you for enlightening readers like me who want to know more :) Keep up the good work!

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Your blog has provided a honest information on the local property scene.

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i am an overseas expat who moved to singapore a year ago and started looking out recently for property to buy as rentals started to rise all around me..i was advised to follow ur forum and since then have been impressed with all the wonderful tips exchanged in this portal..thanks to all the contributors.
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Hi smart buyer, Just wanna say thanks for your response to my query earlier in another post. And also for the very informative blog! Have learnt much from your postings! Thanks for sharing.

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Monday, June 16, 2008

About this Blog

Property Sales Up in May but Unsold Units Increase

The media is all good news about May sales number (Up to 441 in May from 274 in April). But if you compare with previous month, the availability has gone up. Launched but unsold is slightly up by 31 units. The number of secondary resale is also down, only 680 units in May.

(Mth) (Total) (Launched) (Sold) (Launch in mth) (Sold in mth)
Jan 40695 31755 29216 410 320
Feb 42868 31983 29152 343 174
Mar 42478 31685 28499 642 301
Apr 43476 31391 28204 271 274
May 44136 31562 28344 474 441

Note that developers are still holding back supply to put pressure on home buyers to buy now. Hence those who can wait, should wait; because eventually the supply will have to come on stream.

Posted by Anonymous - 16 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

For Prudent Investors & Home Buyers

Monday, June 16, 2008

Property Sales Up in May but Unsold Units Increase

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