Punggol “Waterway Terraces” oversubscribed by up to 12 times
06 July 2010 | Channel News Asia

SINGAPORE : The “Waterway Terraces” at Punggol have been making waves in the property circle, with 5-room units oversubscribed by 12 times.

The Build-to-Order project, which houses 1,072 units, opened for applications on June 30.

As of Tuesday evening, the 5-room units saw 12 times the number of applicants.

Private home price hikes expected to soften in Q2

29 June 2010 | Channel News Asia

SINGAPORE: Increases in private home prices are expected to slow down in the second quarter after climbing 5.6 percent in the first quarter.

Colliers International said suburban homes could cost 2 to 3 percent more on average for the next two quarters.

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.

Correction expected in Singapore’s property market: industry players
By Wong Siew Ying | Posted: 09 June 2010 2329 hrs

SINGAPORE : Industry players have said Singapore’s property market is in for a correction in coming months.

Tell-tale signs include a plateau in home prices and a drop in transaction volumes.

The Singapore Institute of Surveyors and Valuers said there were 899 caveats lodged for condominiums in the first three weeks of May.

This compares with 3,060 for the whole of April.

New condominium projects are still doing well. But property agents said home sales in the secondary or resale market have dropped by up to 20 per cent recently.

Dennis Wee Group said buyers are becoming more cautious, going by sales figures in May.

Chris Koh, director, Dennis Wee Properties, said: “Instead of seeing a 30 per cent increase in transactions as the month before, I only saw a marginal 3.5 per cent increase. A lot of buyers are pulling their handbrake, what they feel today is that the seller is asking for too high a price, and if I am not in a hurry, why not sit and wait.”