Friday, December 12, 2008
About this Blog
“Developers are more likely to launch projects in suburban areas or projects with smaller units so that the absolute amount is affordable,” an analyst said.
.
However, others believe there are likely to be better bargains in the secondary market, where individuals may be under pressure to offload their properties in a downturn.
.
Noting that prices for mass-market condos now average between $650 to $750 per square foot in suburban locations, ERA Asia-Pacific’s assistant vice-president Eugene Lim said that developers, especially those with the financial strength, will probably not cut prices until after the 2009 Budget at the end of January next year.
Extracted from BT 11 Dec 2008
May also want to read:
99 Leasehold Property: Calculation of Depreciation Rate based on Singapore Land Authority Data
Spore Property History 1960-2008
Property Investment Tip: Don't put all your eggs in one basket
HDB Resale Price Index 1990-2008: Graph & Chart
Developers to woo HDB Upgraders as foreign buyers pull out
WITH foreign buyers pulling out of Singapore’s property market on the back of deteriorating global economic conditions, Housing Development Board upgraders are forming an increasingly important group of buyers here.“Developers are more likely to launch projects in suburban areas or projects with smaller units so that the absolute amount is affordable,” an analyst said.
.
However, others believe there are likely to be better bargains in the secondary market, where individuals may be under pressure to offload their properties in a downturn.
.
Noting that prices for mass-market condos now average between $650 to $750 per square foot in suburban locations, ERA Asia-Pacific’s assistant vice-president Eugene Lim said that developers, especially those with the financial strength, will probably not cut prices until after the 2009 Budget at the end of January next year.
Extracted from BT 11 Dec 2008
May also want to read:
99 Leasehold Property: Calculation of Depreciation Rate based on Singapore Land Authority Data
Spore Property History 1960-2008
Property Investment Tip: Don't put all your eggs in one basket
HDB Resale Price Index 1990-2008: Graph & Chart
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment
Dear visitors:
Your comments are most welcome!
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 :)