The above headlines was reported in our Singapore Straits Times on 16 June 2016. The reporter is Wong Siew Ying.
The questions is everybody's mind is " Is property price going up ??" "Is this a fluke spike for the month of May ?".
Developers sold 1,056 new homes last month, up by 41.2 per cent from the 748 units transacted in April, said the Urban Redevelopment Authority (URA). This is the strongest monthly sales performance since 1,655 units were sold last year July. Compared year on year, May's sales last year was 643 units compared to 1,056 units this May. The sales were contributed by to new launches, Gem Residences in Toa Payoh sold 312 units at a median price of $1,431 per sq ft (Psf), while Stars of Kovan in Upper Serangoon Road moved 76 units at a median price of $1,414 psf.
Apart from new launches, existing projects also booked brisk sales, a sign that reasonably priced projects near MRT stations continued to be favourably by home buyers.
ERA Realty Network key executive officer Eugene Lim said " This shows that there is sustained demand for existing projects and buyers are discerning, going for projects which offer them the best value for their money".
Analyst believe that buying interest will remain selective and it depends on location, pricing and the developmental growth within that area.
Corals @ Keppel Bay stands to be well positioned in all these three area. It has good location - Within walking distance to VivoCity, largest shopping centre in Singapore and HarbourFront MRT. In terms of pricing, they are reasonably priced from $1800 - $3000 Psf. For developmental growth, there is the Southern Waterfront City by 2027. Corals @ Keppel Bay will certainly benefit from all these....
The best news is that it will be TOP by September 2016 and buyers can move in. For more info,
Please visit website http://corals.greathomelaunch.com
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