Monday, January 23, 2012

New home sales garner bigger slice of private market

Straits Times: Mon, Jan 23
SINGAPORE'S property landscape is changing, with new home sales by developers making up an increasing share of the private market.

Primary market sales, including those of executive condos (ECs), accounted for 46 per cent of all transactions lodged last year - the highest level since 2003 - according to caveats lodged with the Urban Redevelopment Authority (URA).

The other 54 per cent was made up of secondary market deals - which include those for both resale and subsale homes - totalling 17,405 units...

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