question about properties in recent months

[perspectivism]

Hi all,

need your kind thoughts and opinions here.

in this thread i am refering to 2 separate condo releases in 2013..

Condo A
- Condo A has 150 units but only 96 transactions on URA caveats
- this is the full URA caveat listing. first transaction in Q4 2013
- however, recently when i enquired, the agent told me the residential units are 100% sold

Q: why is that so?
- could the developer be hoarding their units?

Condo B
- Condo B has 120 units but less than 10% sold despite 2 launches
- the developer is a small player
- sales are stagnant

Q: what happens if this scenario persists? Can the developer still continue with the project construction
- in the event that the developer can't, will buyers get full refund?

[Arcachon]

http://www.candh.com.sg/regulations/property-for-sale-in-singapore-hd-act-1/

http://forums.hardwarezone.com.sg/homeseekers-homemakers-74/question-about-developer-bankruptcy-4387235.html

[Arcachon]

IN SINGAPORE, THE LAW REQUIRES DEVELOPERS TO PUT ALL THE MONEY COLLECTED FROM THE HOMEBUYERS INTO A PROJECT ACCOUNT AND THE MONEY CAN ONLY BE USED FOR THE DEVELOPMENT OF THAT PROJECT


IN THE PAST 15 YEARS, THE SINGAPORE PROPERTY MARKET EXPERIENCED 3 PROPERTY CYCLES. VERY FEW PROPERTY DEVELOPERS WENT BANKRUPT EVEN DURING THE MARKET DOWNTURNS.

http://www.indianrealestateforum.com/real-estate-noida/t-have-deep-pockets-become-developer-18927.html

[Arcachon]

http://www.rodyk.com/page/Resources/article/257