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Thread: Developers less positive about market

  1. #1
    Any complaints please PM me

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    Default Developers less positive about market

    http://www.straitstimes.com/Money/St...ry_662897.html

    Apr 30, 2011

    Developers less positive about market


    PROPERTY players are a bit less optimistic about the market than they were previously, according to an industry measure.

    The sentiment index has weakened to 4.9 from 5.7, while the mood for the months ahead also slipped as compared with the fourth quarter, a likely reflection of the recent market cooling measures.

    The index, which is compiled by the National University of Singapore's Department of Real Estate, consists of scores ranging from 0 - the most pessimistic - to 10, which registers a high level of optimism.

    As part of the quarterly survey, developers were asked about their expectations of the new private property launches.

    As a sign of weakening outlook towards the property sector, 62 per cent of developers surveyed expect more residential units to be launched over the next six months compared with 74 per cent in the previous quarter.

    About twice as many developers - around 69 per cent - as compared with the fourth quarter also expect prices to remain flat.

    Only 35 per cent of respondents anticipate greater interest in the collective sale market, down from 52 per cent.

  2. #2
    Senior

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    The way to overcome this fear is to control the launch of new projects so as to create a pen up demand.

  3. #3
    I sell Cheese Pie

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    Quote Originally Posted by ysyap
    The way to overcome this fear is to control the launch of new projects so as to create a pen up demand.
    With massive oversupply of both hdb and pte units looming in the coming months and weakening interest going forward... how to have pent up demand leh?


    Put it another way... similar to the equities markets.... when all who wanted to buy would have already bought.... what happens next?

  4. #4
    Junior

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    Those developers who have bought from GLC cannot wait too long to launch. The clock is ticking away for their lease.

  5. #5
    Exalted

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    Quote Originally Posted by Geylang OKT
    With massive oversupply of both hdb and pte units looming in the coming months and weakening interest going forward... how to have pent up demand leh?


    Put it another way... similar to the equities markets.... when all who wanted to buy would have already bought.... what happens next?
    oversupply goto wait till 2013 onwards

    vote for 5-82! and u will see instant result

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