Riverfront Residences still remains popular choice among new private residential condos
Property sales slowed in the second half with launch of new private homes for more than 9,000 units
Analysts believe that, in the second half of the market outlook, will maintain the current upward momentum. But some analysts caution that private potential supply a large number of public, private sales may not be ideal.
The local property market is expected to sell more hot second half, the developer will launch 13 new private projects a total of more than 9,000 units.
Analysts were optimistic about prospects for the market in the second half, will maintain the current upward momentum. But some analysts caution that private potential supply a large number of public, private sales may not be ideal.
era, according to data provided by the first half of this year, active trading market for the first five months, is expected to be a new 3,422 private units sold during the same period, there are also some 6633 a resale home units sold. In other words, just the first five months of trading volume of homes has more than 1 million units.
In the first half of this year launched a new private projects include The Tapestry, household Wei court (Twin Vew.), Amber 45, The Garden Residences and Affinity at Serangoon and other items, mostly sold in its first week out of at least five for units.
The average price of $1360 Hui jingarden feet, a new private Tampines feet price record.
ERA chief executive Lin Dongrong said: “in the first half of the year new private sales were robust, resale of private market also performed strongly, partly because of the collective sales market has driven many collective selling project owners after successfully selling units and access to all the proceeds, the beginning of the house to find alternative markets.”
Data show that collective sales volumes so far this year, a total of 9,200,000,000 yuan, and could surpass 11,500,000,000 million record set in 2007.
Jones Lang LaSalle in Singapore, Director of Research and Consulting, said the market was also good overall performance in the first half, a lot of new projects to higher priced out many continued to attract buyers. The Urban Redevelopment Authority data also showed home prices rose for the first quarter, a 3.9% of eight years, the biggest quarterly increase.
However, Knight Frank LLP director, head of advisory and research directors Chen 姳潓 is relatively cautious outlook for the housing market views that the market appears to be hot, but it is a raging.
She pointed out, the first five months, though there are more than 3,000 new homes, but compared to units sold in the same period last year, this year 5,634 units, in fact, sales of new homes fell by four percent.
She also believes that, because there are a number of new homes in the second half, which is expected to launch some projects would face more selling pressure.
The newspaper, according to data compiled by the second half with an estimated 13 new private projects a total number of units launched a 9388. There are several, including the development of collective sales of items such as Riverfront Residences (former Rio Casa), JadeScape (former Shunfu Yuan), The Tre Ver (former Raintree Gardens) and the former Florence Regency’s redevelopment projects, such as a relatively large scale, like Riverfront Residences will have up to 1400 units.
Chen 姳潓 said: “private choices more, buyers will be more carefully, particularly price sensitive public private buyers, so developers followed by real estate pricing must be more careful measure, prices were set too high, it would be difficult to attract a buyer.”
Prices of homes or double 2030
Our population growth and higher income people will drive demand for the homes to 2030 feet of homes are expected to increase due to price more than doubled.
DBS Group, according to the latest release of real estate report, along with the local population in 2030 to 6.5 million people, is expected to grow at an average price of homes feet from the current $1446 of up to 2908 yuan, rose up to 101%.
The group analyst Chen Wei peaceful Chen Li Rui market analysis of China’s long-term prospects, forecasting the price will be from 18 homes