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Monthly Property Reports May 2008 Report Singapore’s March launches hit 7-month high
Monthly Property Reports May 2008 Report Singapore’s March launches hit 7-month high | Singapore’s March launches hit 7-month high |
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The number of developments launched in Singapore during March 2008 was the highest in seven months, the city state’s Urban Redevelopment Authority (URA) has revealed.
Singapore’s March launches hit 7-month high
by Robert Carry
Despite the fact that concerns about global real estate market slowdown have been circulating for some time, developers in Singapore have remained bullish amid continuing strong sales. According to a statement released today by the URA, “total island-wide new launches and take-up for non-landed properties in March rebounded from the February low, recording the highest level of new launches in seven months”. A total of 632 units were launched in March, some 84.3 per cent higher than in February. Similarly, 293 units were sold in March a figure 79.8 per cent increase from February. According to the URA, the rise suggests “a potential strengthening of developers and buyers sentiments island-wide.” |
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