Property Market Buzz ending soon...

[MarrickG]

I doubt sales is good and they had to buy it in order to keep the market up and making their development appear popular.

THE sizzling property market is prompting even the developers themselves to snap up units in their new projects, especially high-end properties.

Singapore Exchange filings show that at least four listed developers have sold units in their residential developments to relatives or 'interested parties'.

An interested party can be a director, a chief executive, a controlling shareholder or one of their associates.

Madam Cecilia Kok, wife of City Developments (CDL) executive chairman Kwek Leng Beng, has bought a third-floor unit in the 228-unit Residences at W Singapore Sentosa Cove for $4.6 million after a 22 per cent discount.

At the time the option to purchase was granted, members of the public were being offered a 20 per cent discount.

An additional 2 per cent discount was offered to the company's directors, including their spouses and children, under its preferential discount scheme for buying units in its developments, said CDL in its statutory filing.

 

[krafty]

why some pple sell high and but high? even for upgrade,it's still not the right time.Wait for more clamp down from the government to stabilise the market, then there will be more boom and buzz for agents,i think 3 cents...

 

[saratogas]

So much end-block plans going around, where got property slowing down?!

 

[zuoom]

not for the short term. the general trend is for the next 9month till 2 years is all full stream ahead.

 

[Watchman]

why some pple sell high and but high? even for upgrade,it's still not the right time.Wait for more clamp down from the government to stabilise the market, then there will be more boom and buzz for agents,i think 3 cents...

Clampdowns what clampdowns .

There is priority purchase for director, a chief executive, a controlling shareholder or one of their associates, CFOs CEOs , CPOs , CDOs , CCOs and UFOs .

 

[krafty]

ha...ha...they buy their own,it's justified!

But I still think gov will prevent the property market from going to the "siao" stage...

Clampdowns what clampdowns .

There is priority purchase for director, a chief executive, a controlling shareholder or one of their associates, CFOs CEOs , CPOs , CDOs , CCOs and UFOs .

 

[Watchman]

ha...ha...they buy their own,it's justified!

But I still think gov will prevent the property market from going to the "siao" stage...

Nothing will stop them and nothing will stop us .

We need to just break our own barrier .

And we just out-do ourself by out-paying everyone else .