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But will the seller levy dampen sales?
Mar 4, 2010
More property launches
Luxury market expected to make strong rebound as economy improves
By Joyce Teo, Property Correspondent
DEVELOPERS are gearing up to launch more projects - especially prime ones - into a thriving property market driven by confident buyers keen to splash out on the back of the improving economy and a low interest rate environment.
The Government's anti-speculation moves last month are having little effect on genuine home hunters, who have ever wider real estate options.
Potential buyers will certainly have no lack of choices when it comes to new launches this month with 'easily half a dozen launches' coming up, said CB Richard Ellis (CBRE) executive director of residential services Joseph Tan.
Mass-market projects have been setting the pace for months but prime developments, which began inching back into the market late last year, are becoming more prevalent.
A CBRE Research report yesterday said that Singapore's luxury residential market is expected to make a strong rebound.
It noted that new luxury projects recorded launch prices of between $2,500 and $3,400 per sq ft (psf) in the fourth quarter of last year.
Mar 4, 2010
More property launches
Luxury market expected to make strong rebound as economy improves
By Joyce Teo, Property Correspondent
DEVELOPERS are gearing up to launch more projects - especially prime ones - into a thriving property market driven by confident buyers keen to splash out on the back of the improving economy and a low interest rate environment.
The Government's anti-speculation moves last month are having little effect on genuine home hunters, who have ever wider real estate options.
Potential buyers will certainly have no lack of choices when it comes to new launches this month with 'easily half a dozen launches' coming up, said CB Richard Ellis (CBRE) executive director of residential services Joseph Tan.
Mass-market projects have been setting the pace for months but prime developments, which began inching back into the market late last year, are becoming more prevalent.
A CBRE Research report yesterday said that Singapore's luxury residential market is expected to make a strong rebound.
It noted that new luxury projects recorded launch prices of between $2,500 and $3,400 per sq ft (psf) in the fourth quarter of last year.
