Developers residential sales dropped about 50% to 384 units in December 2015 from the 759 units sold in Novrmber 2015. This is according to figures released by URA.
The traditional lull year end holiday period plus cautious market maybe reason. Another two reasons could be there were only 173 units launched in December and the continued effect of cooling measures and TDSR
Best seller in December was Poiz Residences but even that only sold 64 units.
Overall, on the bright side, the total of units sold in 2015 is 7,625, a 2.5% increase over the total number of units sold in 2014, and that, even though developers new units launched were 7.4% lower in 2014.
Although short term prospects are not as bright, the long term prospects of Singapore's economy and property market remains optimistic with the project of an increment of around 25% increase in the population with the population white paper.
The traditional lull year end holiday period plus cautious market maybe reason. Another two reasons could be there were only 173 units launched in December and the continued effect of cooling measures and TDSR
Best seller in December was Poiz Residences but even that only sold 64 units.
Overall, on the bright side, the total of units sold in 2015 is 7,625, a 2.5% increase over the total number of units sold in 2014, and that, even though developers new units launched were 7.4% lower in 2014.
Although short term prospects are not as bright, the long term prospects of Singapore's economy and property market remains optimistic with the project of an increment of around 25% increase in the population with the population white paper.