Investors’ market as upgraders cool down
Dec 15, 2009 - PropertyGuru.com.sg
Press Release: PropNex
URA’s figures for private property sales in November 2009 fell to a mere 600 transactions, the lowest since January this year.
“These are signs that mass market buyers are exercising greater caution,” says PropNex CEO Mohamed Ismail.
Due to the Government’s recent announcement of additional land to be released for development, pent-up demand from HDB upgraders, witnessed for the last two quarters, has evaporated.
Mr Ismail explains however, that serious investors can be seen to buy with confidence, picking up reasonably priced properties in good locations for $1500-$2500 like Parvis, The Marina Bay Suites and Espada.
“We expect same levels of transaction in the first quarter of 2010,” he concludes.
Subscribe to:
Post Comments (Atom)
Pre-development Land Investing
In business for over 30 years, success in providing real estate investment opportunities to clients around the world is a simple, yet effective separation of roles and responsibilites. The four pillars of strength guide the land from the research and acquisition, through to the exit, including the distribution of proceeds to our clients ......
To know more how this is really work for you and your clients....
Please contact me Terence Tay @ (+65) 9387-5896 or email : terencetay.kh@gmail.com
To know more how this is really work for you and your clients....
Please contact me Terence Tay @ (+65) 9387-5896 or email : terencetay.kh@gmail.com
Posts
No comments:
Post a Comment