Source : Straits Times - 8 Jul 2008
IT WAS another fairly active weekend for mass to mid-market property launches - most notably at Livia, a large Pasir Ris development where 160 units were snapped up.
Elsewhere, however, slowing sales offered hints that the recent momentum in the property market, after a sustained lull, might be fragile.
Market sentiment remains cautious, as buyers take their time committing to purchases, industry watchers say. New launches have picked up only recently, following several months of weak sales.
Since Friday, buyers have snapped up 80 per cent of the 200 units first released at the 724-unit Livia. These 99-year leasehold homes went for $650 per sq ft (psf) on average, or between $570 psf and $740 psf. A two-bedroom unit starts from $597,000, while a three-bedder costs $793,000 and up.
In a statement released yesterday, City Developments (CDL) said most buyers were Singaporeans. Others were from China, Indonesia, India, Malaysia and the Philippines.
Another new project - the freehold, 50-unit D’Pavilion - registered sales of 10 units at $900 psf on average during its weekend preview. Prices at this MCL Land project ranged from $867,500 to $1.57 million.
Market watchers said the developer rushed to release this project after learning that nearby Kovan Residences had started sales. The 99-year leasehold project was selling at between $870 psf and $900 psf.
Centurion Properties sold another 30 units of the 521-unit Kovan Residences over the weekend, lifting total sales to ‘more than 80′, said chief executive Tony Bin.
Sim Lian Group sold 59 more units of the 616-unit Clover by the Park in Bishan, putting total sales at 254 units.
Prices for the remaining units at the 99-year leasehold Clover by the Park ranged from $867,000 to $2.38 million. The same developer also sold four units of the freehold, 78-unit The Amery in Telok Kurau over the weekend, putting total sales at 31 units.
Meanwhile, total sales at the 348-unit Dakota Residences in Dakota Crescent have hit 160 units, after another 10 were sold at the weekend.
No comments:
Post a Comment