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Private home sales rise 22 percent in Singapore

In News flash on December 15, 2011 by Lock+Store Tagged: , , , , , , ,

Some analysts are interpreting the latest statistics as signs that the property market is still robust, but the units were transacted before the latest round of cooling measures was announced.  By how much would property sales plunge?  This remains to be seen.  According to the Straits Times report, the mass market led the surge and according to a Property Guru report, “the costliest unit sold for the month came from The Marq On Paterson Hill, at a whopping price of S$6,841 psf. Meanwhile, 11 high-end units at Scotts Square, located along Scotts Road, were sold at a median price of S$4,333 psf.  In total, 77 units were sold at a median price of above S$2,000 psf, of which 44 transacted at a median price of above S$3,000 psf.”  The outlook is not so rosy for high-end units as analysts predict they would be the hardest hit by the latest draconian measures.

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2 Responses to “Private home sales rise 22 percent in Singapore”

  1. pretty unique website u got here, nice article, kindly check out mine for more property news. http://singapore-property-news.com/

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