Monday, June 16, 2008

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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


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The blogger here has been affectionately named by close allies as "Smart Buyer" but really, he's not smart. Smart Buyer just believes that being prudent is smart. That's the essence of the message of this blog and Smart Buyer hopes it'll benefit other property buyers.

Smart Buyer :)