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Three times increase in private properties of Singapore in Singapore private properties

The Singapore private properties market is show sign of exciting during the second quarter 2009.

The domestic and mid end condominium project are the popular pick in the second quarter of the year. However the sale of investment high end private property is taking a much longer time to sell. Increase sentiment of new private domestic project has help to increase the number of sell in the sub sale sector.

During the second quarter of 2009, sale of uncompleted project by purchaser increase three times. The popular projects are the mass market or mid tier project as compare to the high end projects.

The popular choice for sub sale projects are Casa Merah, Centris and One Amber. 54 sub sale transaction were record in second quarter for Casa Merah, the average pricing is $660psf and it further increase 15% in July and August. Most popular sub sale project is Rivergate. The average transacted price increase to $1400psf from $1200psf.

For investment project, The Sail at Marina Bay and Icon at Tanjong Pagar became the favourite among the investors. Although the project is launch in 2003 and 2005, the price is increase 25 and 15 per cent respectively.

Many investors are buy the sub sale unit.

another reason for the increase of the sub sale market are due to the the many completed project. Most the sub sale is transaction near to the completion. Also, new project sold out very fast, some buyer who missed out the choice do mind paying a premium for the unit they want.

On the other side, the number of flipping is reduced. Flipping means reselling a property in a very short period of time for making profit.

On the careful side, market fundamentas are still not strong but the sentiment is bullish. With the unclear market condition, the market may experience a wait and see situation

For more information on Singapore Condominium For Sale and Singapore Condominium For Rent , visit sgpropertylist.com

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