Philip Chua Business Blog

Posts Tagged ‘resale’

(SINGAPORE) Private home prices continued their ascent in Q4 last year, climbing an estimated 7.3 per cent from the previous quarter. This sent prices for 2009 up 1.7 per cent from a year ago, defying bleak prognoses of double digit falls when the financial crisis unfolded.

Resale prices for public housing were also on their way up in Q4, rising 3.8 per cent from the previous quarter. Year-on-ye… more

A PROPOSAL to ban property agents from representing both the seller and buyer in the same transaction has generated strong public interest – with many giving the idea the thumbs up.
This practice, widespread in the HDB resale market, leaves the agent with a clear conflict of interest.
But there is likely to be resistance from some agents who stand to lose commissions if it is implemented.

The pr… more

(SINGAPORE) THE median resale prices of executive condominiums (ECs) have increased 63 per cent in the past two years, riding on the bull run in the private residential market, a report says.

Caveats lodged for ECs in the resale market in October 2009 showed prices at $519 per sq ft (psf), says CB Richard Ellis (CBRE). This is 63 per cent higher than at the bottom of the market in Q3 2006, when … more

Now that the property market has picked up, individual sellers are out in full force.
They are putting up their properties for sale, from the newest uncompleted homes to fully furnished tenanted units and ageing apartments.
For home seekers, this means that apart from brand-new launches, there are plenty of choices in the resale market.
Even developer Keppel Land (KepLand) has started releasing te… more

THE Housing and Development Board (HDB) will offer 8,000 new flats this year, or more if the pickup is stronger, said National Development Minister Mah Bow Tan yesterday.

Resale flats

Some of the new demand will have to be met by resale flats, which have advantages in that buyers can move in immediately and select the location of t… more