News: More signs of slowdown in Singapore property market
More signs of slowdown in Singapore property market
29 June 2010 | Channel News Asia
SINGAPORE : There’s been more signs of a slowdown in the private property market here in the second quarter.
Property consultant CB Richard Ellis (CBRE) forecasts some 4,000 new homes were sold in the second quarter, lower than the previous quarter’s figure of 4,380.
In the resale market, CBRE estimates some 3,400 to 3,600 resale homes were sold in the second quarter.
If confirmed, that would be 15 to 20 percent lower than the 4,261 resale homes sold in the previous quarter.
