Esparina Residences, A Project of Fraser’s Centre point Draws Overwhelming Response

Esparina Residences, A Project of Fraser’s Centre point Draws Overwhelming Response

The residential sector, witnessing reduced activities in sales and purchase, breathed a sigh of relief with the launch of Esparina Residences. The project was undertaken by Fraser’s Centre Point developers. It comprises a total of 573-unit executive condominium. The project’s launch is being taken as a huge success as compared to recently launched such projects. The launch drew more than 300 visitors to the site out of which around 230 visitors entered into the ballot for the project.
This project at Sengkang, comprises apartment of varying sizes. These sizes range from a two-bedroom flat of 829 square feet to a four-bedroom penthouse of 2,583 square feet. Hence, the project offers economical as well as luxury residential units for the potential purchasers.

The prices of various units are ranging from $590,000 to $723,000 for a two-bed residential unit; prices for a three bed apartment range between $697,000 to $981,000; whereas a four bed room luxury unit is available for a cost of $1 million to $1.18 million. The executive penthouses possess a varied price tag of $864,000 to $1.3 million. The applications for purchase of these executive condos can be filed till 5 October. Considering the response of first day, it is being widely speculated that the project will draw a large number of applications. The applicants who are declared successful will be issued a ballot number for the final show down. The ballot number holders will be granted priority to enter the show flat on October 8, where balloting for allotment and booking of the units will take place. The individuals not holding the ballot will only be provided with an opportunity to enter the show flat only if slots exist after the ballot holders have been processed.
The developer Frasers Centrepoint is an off shoot of Fraser and Neave. This particular organization is dealing in real estate and development / sale of residential properties.

An important design feature of the developed apartments at Esparina Residences is that about 12 % of the total units i.e 71 units are such which can be divided into two separate apartments with separate entrances. Such units are called dual-key units. This design feature was initially conceived and introduced at Frasers Centrepoint’s Caspian and 8@Woodleigh condominiums and it received a wide spread applause from the purchasers. This success was the motive to build such apartments and make them available for sale at Esparina Residences. Like the past experience, these dual-key units turned out to be hot cake and were opted by a large number of visitors just like previous launches of the apartment.

Developers are making all out efforts to make Esparina Residences a state of the art residential complex with maximum possible civic facilities. As many as seven thematic spas have also been included in the development plan of the project. The complex is expected to be a hybrid type of a housing complex.

The residential units are being offered for sale with initial eligibility as well as the ownership. However, there will be a restriction on the sale of these units like all other public housing schemes. The restriction will remain in force for 10 years; thereafter it will be the discretion of the owner about any future disposal.

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Mindy Yong

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Tough Criteria for foreigners to land PR »« Frasers and Far East put in the Highest Bid at the end of State Tender for Pasir Ris Site

Frasers and Far East put in the Highest Bid at the end of State Tender for Pasir Ris Site

Frasers and Far East put in the Highest Bid at the end of State Tender for Pasir Ris Site

Pasir Ris is attracting bidders to invest in the executive location. The site up for the bid was located the junction of DR 3 and DR 4. It is a prime location situated closer to the forested area in Pasir Ris. NV Residences were the other recent property sold out to private investors in the area.

However, the recent sale for 99 years leasehold did not attract a large number of investors. Among the modest number of bidders were included Frasers and Far East, Hoi Hup Reality, Sunway Developments and SC Wong Holdings, Allgreen Properties and Meadows Investments. The joint nature of bidding for this site indicates to increasing caution by the investors as well as shared investments as consortiums.

The recent measures announced by the government to cool the residential properties’ prices have dampened the investment ventures by individual as well as cornerstone investors. Although, there has been individual success stories in the private sector, like DBS Tower 1 and 2 sales etc. there is still a gloom prevailing over the investors. Prime Ministor Lee’s government had announced price control measures on 30 Aug to sustain the industry as well as discourage speculative business. However, although the genuine home seekers are purchasing the housing units, overall the market seems to be suffering from the cautious attitude.

The highest joint bid by Frasers and Far East is reported to yield over $ 150 Million, or $335 psf ppr. The joint venture has outbid the next highest by more than eight per cent. Frasers and Far East jointly intend to build around 450 housing units at this site. They are likely to earn around $880 psf once this property is developed in five years’ time.

The demand for residential units is swelling in Singapore area due to multitude of reasons. Government’s plan to allow the foreigners and Permanent Residents to buy and own house are reportedly causing a price and demand swell in the executive areas. The local middle and low income citizens are also being facilitated through regulated mortgage loans, ease of access to housing loans and CPF pension schemes. Although the government has reduced the amount which can be borrowed against the property from 90 to 80%, it has had minor effects on the genuine house-seekers. Still, the investors seem to sit on the fence to gauge the short and long term effects of the price cooling measures announced by the Government of Mr Lee.

Property consultants and experts cite the reasons for a limited response from investors in this Pasir Ris sale to the absence of announcement of reserve list by the government. SO far, only the confirmed list properties are being put up for the sale. Investors are unable to plan on mega level to due to this reason. Government is lay outing site after site for 60 to 99 years leaseholds out of the Confirmed List only. Investors seem uncomfortable with this situation and want to explore the investment options keeping in mind the Reserved List.

Urban Redevelopment Authority of Singapore, URA, has recently also announced 66 years leasehold on an industrial site, but the response has been modest at best in this site as well.

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Mindy Yong

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Mindy@MindyYong.com

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Esparina Residences, A Project of Fraser’s Centre point Draws Overwhelming Response »« Transections in Office Sector Properties cross $1 Billion Mark

Transections in Office Sector Properties cross $1 Billion Mark

Transections in Office Sector Properties cross $1 Billion Mark

The global recession is receding and its effects can equally be seen in Singapore across almost all sectors of investment. Private property sector is witnessing one of the most robust and encouraging recovery amid middle to high level investments from local and international investors. Business office sector had lately been lukewarm due to a multitude of reasons. But recent sales in Singapore point towards a bullish trend in office space sales as well.

It is the 3rd quarter which has telltale signs of healthy recovery in office space sales business. The transactions in office sector properties alone have crossed $1 billion mark for the first time after 2008. This amount is largely supported by the sales of DBS tower one and two alone. There are many more such transactions in the pipeline which are pending due to some legal issue related to their sale.

It is not the office space sale alone which is buoyant at the moment. The upwards trend can also be witnessed in retail private properties sale. Recent sales in Chine town have indicated towards a robust recovery in this sector. Second quarter to third quarter transition has witness one of the most encouraging signs in the history of private properties’ sales in Singapore. With just around $7 million sales in 2nd quarter, the 3rd quarter has already crossed the $260 million mark.

There had been some reluctance on part of investors in the wake of anti-speculation measures by the Government of PM Lee to cool down the prices. This policy was primarily intended to keep the housing units in the affordable range for low and middle income groups. These measures were also aimed at protecting the interests on non-suspecting retail speculative buyers, in case the fragile and unsustainable bubble busted. However, the investors’ confidence has been restored to a great extent. Recent mega sales in office and private properties are a testimony to this effect.

Property experts and consultants are expecting the recent trend to go on unabated for the current and next quarter. However, they fear the let off may be caused due to modest supply against the huge demands of commercial as well as residential units. They attribute previous quarter sales to a large extent to public sector sales of residential units. But the present upsurge is more supported by the collective purchases of residential units and complexes by consortiums which are bringing in a lot of needed revenue to satisfy the appetite of Singapore economy which is reporting healthy and positive returns. The neighboring countries including China have encouraged the investors, students and entrepreneurs alike to visit and invest in Singapore. Moreover, recent announcement by the Government of open-door policy for the foreigners to come and work, invest and purchase properties have also played a significant role in this development.

The Q3 has brought bounties for all sectors related with properties. The commercial, private and industrial sectors are reporting high gains due to enhanced interest by local and overseas investors. The industrial sector is also witnessing large scale investments. Government of Singapore can ride on the tide by introducing more foreigner-friendly policies at home. It can also explore the possibilities of diverting the industrial development and population settlements on the islands other than Main Singapore.

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Mindy Yong

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Mindy@MindyYong.com

www.hotvictory.com

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Frasers and Far East put in the Highest Bid at the end of State Tender for Pasir Ris Site »« Pasir Ris Residential Site Draws Four Bids

Pasir Ris Residential Site Draws Four Bids

Pasir Ris Residential Site Draws Four Bids

The housing sector in Singapore is performing steadily due to effective government policies. The government has successfully checked the price hike in this field. To further strengthen the holdings of residential units by a common man a number of sites for residential complexes are being put on sale by the government. In the same context, the Housing Development Board initiated a tender for the sale of a residential site at Pasir Ris Drive 3 and Drive 4. The issued tender drew good response from the investors and developers. The housing and Development Board resources have revealed that the tender has drawn four bids from the competitors across the Singapore.

A total of four firms tendered their bids. Amongst all the four contestants, the joint bidders, FCL Topaz and F.E. Lakeside quoted the highest bid at a rate of S$151 million. The bid by the above mentioned firms was sufficiently surpassed other contestants. The quoted price by the highest bidders in terms of per square foot per plot ratio comes out to be S$335 per square foot, which is a good price keeping in view the stringent policies as well as cautious approach of the investors and developers.

The experts from various Real Estate agencies are of the opinion that the response drawn by this tender is quite healthy. This overwhelming response indicates the optimistic approach of the developers regarding the site put on offer. It is also indicative that investors / developers have also started looking for the opportunities to exploit otherwise limiting business. This trend of present high quoted prices is also supported by recent sales of the residences launched by NV Residences at Pasir Ris Drive 1. These residences drew healthy response from the buyers and the developers managed good profit rates. The sea view and other facilities available in the area has also positively contributed in attaining a good bid for this site.

Keeping the trend of NV Residences in focus, the experts are also hopeful that the new residential projects coming up in the area will reap good and competitive prices. The minimum price expected for this upcoming project revolves around S$800 approximately. This price, if achieved is quite healthy as compared to the number of other projects coming up and keeping in mind the ongoing trend of reduced prices of residential units.

The site comprises of a total land area of around 20,000 square meters with an approximate maximum gross floor area of 42,000 square meters. The area is sufficient enough to build a number of new residential complexes. The site has been offered with a lease period of 99 years. Public tender for bidding of the site was published on 5 August with approximately more than a month time for the competitors to submit their bids. The tendered bids are being evaluated by the Housing Development Board authorities. It is expected that the successful contender will be announced within next two weeks, after necessary deliberations and considerations. It is also being expected that the joint bidders, FCL Topaz and F.E. Lakeside which quoted the highest bid at S$151 million will win the site.

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Mindy Yong

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Mindy@MindyYong.com

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Transections in Office Sector Properties cross $1 Billion Mark »« Fall In Transactions

Fall In Transactions

Fall In Transactions

Singapore’s property marked touched its highest levels in last few months. Interest rates turn down and caused much liquidity in the market causing rate increase. When the property rate goes high contrasting deposit rates goes down. In Singapore the increases in rent have typically lagged property price changes, leading to low yields. Residential prices rose almost 100% between 1990 and 1996, but rents rose by only 52%but now the trend is changed the property pricing going down, whereas the rent keep on increasing even than mortgage. Many analysts predicting fall in market prices and in market trends. Their predictions seem true as the volume of transaction drop by 88%in some districts of Singapore in last few months. Even new projects are lined up and many are ready to handover, but trend in new sale and resale dropped by 20%.

Transaction volumes tend to decrease not just in Singapore but also in major developing countries of world like, Australia, china, Japan, India, and many more. As, said by Arthur de Haast, head of the Jones Lang Lasalle’s International Capital Group

”The increase in global transaction volumes that occurred in the second half of 2009 in all regions is an encouraging sign, although full year volumes were below 2003 levels so there is still a long road ahead”.

SISV presented few figures that show 76% drop in district 9, 10, 11and steep decline in down town areas. but on other hand Ministry of Trade and Industry statement said “it expects the Singapore economy to expand by 13 to 15 per cent in 2010”
Now this statement seems as an over prediction. Even in last month of September 2010, the decline trend remains in between 10%-20%.

Increase in the number of visitors, doesn’t not put any effect on the real estate market prices. In last few months the number of visitors increased by 10%. But the reasons for this increase are other than buying property . Buyers tend to show very critical and cautious behavior against buying property and they seems to be waiting for good time.

Now we see decrease in market liquidity causing recession and affect real estate prices indirectly. Other reasons may be government policies, government imposed tough polices for now buyers and implemented strict measures to cool down market. Now recently government also took another step toward those, who are seeking for permanent resident cannot cost their property, specially their houses as a part of investment. Many market gurus believe that rocket high prices was due to speculation, instead of true and real prices.

And this may tend to show decrease in market rate and transaction volume. Few other reasons may be volatility in stock market and world recession.Real estate agents add that the transaction period increased by 35 days, turnaround time increased it was approximately 2 weeks, but now it is more than a month. Above all reasons can affect real estate market. Now it’s a duty of government to make better strategy to overcome this trend of decline.

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Mindy Yong

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Mindy@MindyYong.com

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Pasir Ris Residential Site Draws Four Bids »« Housing Market Singapore

Housing Market Singapore

Housing Market Singapore

After announcement of anti-speculation measures to cool the property prices down in Singapore it was expected that the prices would remain affordable for the middle and low income class. The government yet again intervened in the real estate market to ensure the implementation of the rules announced. Earlier in Feb this year government took certain corrective measures to have the market stabilized. The government’s interventions in the real estate business have received a mix response from different quarters.

It is said that if the official involvement continues it badly affects the growth of any market as the people will be unsure of what the government wants and what may be there the next day. Contrary to these views the other side takes the government involvement in a positive sense. This is being viewed as the government’s resolve and political commitment to ensure the implementation of the corrective measures announced on Aug 30. The government is actually in pursuance of its aim to bring the property prices to realistic and bearable levels. The price should remain affordable to all the classes of the society.
In fact there are two most prominent factors in driving the high prices of the property in the region especially in China, Hong Kong and Singapore. One being the actual economic growth rate and the second could be the temporary hype due to investments by the investors, builders and the buyers.

An important question arises that how common people are tempted to invest in the real estate business in Singapore. It has a simple answer that the returns being paid by the banks are low once compared with the dividends being earned by investment in the real estate business. That is the one of the main causes of this ever growing price hike trends in housing and other property related businesses.

The property prices are said to be highly unpredictable and the government’s time and again intervention is indicative of the sincere efforts to cool the prices down.
The funds keep flowing in the market. One source is even said to have been the government’s permission to divert some amount of the provident funds into the private businesses. Even after the retirement people tend to invest their hard earned money into the real estate for living a comfortable life. This practice is not free from the dangers of collapse of the market thereby risking the entire investment in a matter of days. It is advised by the experts on real estate business to refrain from such like short term investments.

Year 1997 witnessed the slump in real estate prices. Yet again it could go to the new heights leaving the 1996 prices far behind. Recent down trend of the property business in US has been critically viewed by the experts to compare with the other markets around the globe. Once the market prices are dropped the house owners have no option for selling their home and go for better job opportunities in other cities.

Besides taking remedial measures it remains the government’s sole responsibility to ensure availability of cost effective business opportunities to all classes of the society.

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Mindy Yong

( +65 ) 91002985

Mindy@MindyYong.com

www.hotvictory.com

www.property-elite.com

Fall In Transactions »« Private Housing Projects Stay Calm

Private Housing Projects Stay Calm

Private Housing Projects Stay Calm

Government has taken very strict measures to control the speculation practices in in the real estate business in order to ensure affordable prices to all the citizens in such a way that the investment in the business remains secured with no prejudice to the national economy.

According to the policy announced by the Government on August 30, buyers of HDB flats will not be able to hold other properties i.e. private or public. This equal treatment plan will be applicable hereafter. The announcement of penalty will help the board to enforce the cooling measures announced by the government.

The important part of this announcement says that the buyers of HDB flats will have to certify that the property owned by them abroad is also disposed after the purchase of non-subsidized unit within the period announced by the board that is 6 months. However such buyers will be able to buy private lands after completion of the five years period. In that case they will be required to declare their intent for purchase of private property in the application.

But it seems that even these Government measures are not casting any fruitful effect on property transaction. NUS (National University of Singapore) have reported that non-landed property prices have continued to stay somewhat stabilized in August in contrast to the prices during last few months. The prices in July and August despite the government’s efforts have shown a minimal change. The overall input of the money into the real estate business has not much changed towards the either side.

Market variations have been reported to stay in a stabilized region of 10% approximately. The 2007 slump prices were raised to an unbearable level of 13%. Now the property sales indexes have shown the almost unhanged behavior to preclude any chance of slump again. The question of how the market prices have taken boom have increased in the past can be attributed by the speculations on the housing projects in the public as well as government sectors.

Government has tried three times during the year to bring the prices down to bearable limits have not been fruitful so far. it is said that the political resolve being shown the government has been a clear cut indication that whatever it takes the prices would be brought down to lower levels soon. In the contemporary world, any government‘s intervening so much in the business ruins the entire business activity.

Major market players are observing the trends very critically. The effects of the Aug30 anti-speculation measures have not been ascertained as the government has not yet announced the fresh prices of the private or the HDB units for resale. On the hand the private housing projects have experienced a very good response from the buyers. The owners of the projects have not given any sale record of the recent projects, the sources have revealed.

Buy Sell Rent invest In Singapore Property Real Estate

Mindy Yong

( +65 ) 91002985

Mindy@MindyYong.com

www.hotvictory.com

www.property-elite.com

Housing Market Singapore »« Which Way The Property Headed ?

Which Way The Property Headed ?

Which Way The Property Headed ?

We had seen earlier that property sales had started to shoot up after the Ghost Month ended and the property cooling measures had been imposed on Aug 30. It looked like the people of Singapore are not affected by cultural taboos any more like the Ghost Month. They had proved to be more practical thinkers than spiritualistic; however what did take more effect was the property cooling measures that the government had implemented over the property market.

The Property cooling measures were taken to take a step against the price surge in properties and it appeared that either the properties were aimed only for the niche’ class or that people over extended their resources to fulfill their dream of buying homes. Therefore measures were taken so that the prices don’t go up unreasonably high. Besides the high-mounting prices these measures also made it tough to get unnecessary home loans by giving out a lesser percentage of loans and increasing the cash down payment on leasing homes.

This did make all the difference since a sudden halt in transactions had been seen. However we did witness some activity at the Hari Raya weekend most of which took place at the NV Residences at Pasir Ris. A residential site for Condominiums sold out around 250 of its 300 put forth for sale in a showcase flat in its initial go for sales. They had put it up for an average price of $ 830 which proved to be quite attractive to the potential buyers and investors which led to the developers even raising their average price a little bit.

However since then though the NV Residences had managed to sell more housing units bringing a gross total of about 350 out of the 380 units put forth, the transactions were a little less as compared to earlier. And it seems to the property analysts that the property cooling measures might in fact take its toll in the end. The property market has started to look as if it’s going in to a slumber.

The government had hoped that their measures taken will indeed provoke the developers to negotiate with their prices a little bit, nonetheless we have seen no change and it looks like the builders are hopeful indeed that the market will turn up. So far a change in the scenario has not been reported.

A little activity has been seen here and there a little bit. The Overseas Union Enterprise situated at the Leonie Hill Road could not provide an update in numbers about their sales, although the project of the 99-year leasehold ‘Twin Peaks’ which has 462 units, was just launched around a week ago.

Investment analysts say that the prices of freehold condo prices have seen a dip but the price level is still higher than the previous years’ records. The landed prices outside the prime districts have even been raised a little bit in the hope that the home seekers might turn their gaze this way after being disappointed from other major developed districts.
The property market has always been very un predictable; and it is still too early to decide which way it is headed but it has slowed down for the moment.

Buy Sell Rent invest In Singapore Property Real Estate

Mindy Yong

( +65 ) 91002985

Mindy@MindyYong.com

www.hotvictory.com

www.property-elite.com

Private Housing Projects Stay Calm »« Fewer Investors Get PR status in Singapore; As the Government toughens PR criteria

Fewer Investors Get PR status in Singapore; As the Government toughens PR criteria

Fewer Investors Get PR status in Singapore; As the Government toughens PR criteria

The Government introduced GIP scheme for foreigners to boost population and investment .The initiative of GIP scheme was to bring more investment in Singapore. Singapore ranked as 2nd, after Switzerland in private wealth manager. Singapore Economical Board launched a new investor’s scheme in 2004, which offers four different categories for foreign investors. These categories includes,

1- Permanent resident
2- Multiple journey visa
3- Social visit pass
4- Enter pass

Gip scheme worked as a gateway and allow 4600 foreigner resident aligns. According to permanent
Resident scheme any investor can qualify if;

- Invest at least S$1 million in a new business start-up or expansion of an existing business operation or
- Invest at least $1.5 million in a new business startup, expansion of an existing operation, approved Singapore-incorporated venture capital fund or Singapore-incorporated foundation or trust that focuses on economic development or
- invest at least $2 million in a new business startup, expansion of an existing operation, approved Singapore-incorporated venture capital fund or Singapore-incorporated foundation or trust that focuses on economic development. Residential property can be purchased with not more than 50% of amount.

Under this scheme spouse and children under 21 years, as well a parent can also be applied by Main applicant.

It was estimated in June 2009 that the number of permanent resident reached at 55300 from total population of 4.9 million. Now as the conditions of World changing very rapidly, Singapore government took some initiative to tighten up PR scheme, to set up fine tune criteria for investors , who are more from high calibre ,and contribute in Singapore’s economy positively.
SEDB amended PR scheme, and now following amends will effect from 1 January 2011, the above investment options will no longer be available and new two options are;

- Option 1: Invest at least S$2.5 million in a new business start-up or expansion of an existing business operation.
- Option 2:: Invest at least S$2.5 million in a GIP-approved fund.
Now according to new amendments few more things contribute to get PR status like
- good track record of business
- Credible business proposal or plan.
- Entrepreneur background-(S$10million in the most recent year; and $10million on an average for each of the last three years.

It is required to submit financial statements of company for the last three years. If having more than one business, indicate the business having best turn over to meet the criteria.
In spite of money matters few more amendments will be proposed like; the laws for spouse and children under 21 yeas remains the same, but now parents and parents –in-laws are not eligible for apply under main applicant. They can apply for 5 years Long Term Social Visit Pass (LTSVP), which is renewable.

In previous years it was allowed to add up the cost of property , that been bought in Singapore like private home , but now from 1 January 2011, the investment doesn’t count the cost of private home or property.

Singapore government tightens up PR policy just to refine investors and it will also make Singapore in high ranked and difficult target.

Buy Sell Rent invest In Singapore Property Real Estate

Mindy Yong

( +65 ) 91002985

Mindy@MindyYong.com

www.hotvictory.com

www.property-elite.com

Which Way The Property Headed ? »« Vacanza @ East Launches freehold condo in the Kembangan

Vacanza @ East Launches freehold condo in the Kembangan

Vacanza @ East Launches freehold condo in the Kembangan

Vacanza @ East, an upcoming freehold condo in the Kembangan area launches its preview. The project is a joint venture of a Malaysian firm Sunway Group and the local Hui Hup Reality. It is 12 storied projects comprising a total of seven blocks. Out of total 473 planned units, 141 units of two blocks are being released for sale. The condo offers multiple options to choose from, which include one to four bedrooms apartments and the penthouses. Majority of the apartments comprise 2 bedrooms and a study room, whereas, three bedroom apartments are second to follow.

Apart from this project, a number of other developers put up their projects for preview during last few weeks. These include:

• Jupiter 18 at Lorong 102 Changi by the Roxi-Pacific Group.
• NV Residences in Pasir Ris by City Developments.

The Jupiter 18 project has sold almost 70 percent of the units which range from a unit of 1 bed (388 square feet) to two bed penthouses (1,119 Square feet) with an average price of about $1,100 per square feet. Hence, the price of single bed one unit comes out to be a little more than $500,000. The NV Residences project of City Developments have also witnessed the sale of 35 more units thereby taking the sales total to 335 out of 380 units made available for sale. The project comprises a total of 642 units to be developed.

The average increase in a 99 year lease hold developments on September 8witnessed an increase of 1-2 percent. The price tag remained around a figure of $830 per squar feet. During the period under review, the Far East Organization sold a total of 23 residential units in the last week, which is quite less as compared to the figure of 32 of the last week. These sold units were located at the under mentioned project localities:

• Floridian
• Waterfront Key
• Waterfront Gold
• The Greenwood
• Hill View Regency
• The Shore Residences
• Centro Residences
• The Greenwich

The price increase of 2 percent has been acknowledged by DTZ Research in the capital value of 99 years leasehold apartments and condo in the re-sale market on quarterly basis in the 3rd quarter. The prices came around to $660 per square feet. This increase is 100% lesser as compared to that of the 2nd quarter, which was 4 percent. Same trend was also witnessed in the luxury condos. The sale of these residential units grew by only 1.6 percent and remained close to $2,630 per square feet in the current quarter.

Same trend has also been witnessed in the landed segments in the important districts 9, 10 and 11. The prices have managed an increase of 2 percent only in quarter on quarter basis as compared to the increase of 3.3 percent in the 2nd quarter.

The experts are of the opinion that this current slow growth of prices is likely to come to a halt for the last quarter of the year. The cooling measures initiated by the government to keep residential unit prices under check are taking rapid effects and as a result the sales volume are expected to remain lower, which will ask the developers to lower the prices for potential buyers.

Buy Sell Rent invest In Singapore Property Real Estate

Mindy Yong

( +65 ) 91002985

Mindy@MindyYong.com

www.hotvictory.com

www.property-elite.com

Fewer Investors Get PR status in Singapore; As the Government toughens PR criteria »« Tender Draws only 4 Bidders for Sale of Executive Condo Site in Punggol