New private home sales in Singapore drop in March

[princess_morbucks]

SINGAPORE - Sales of new private homes tumbled last month as buyers stayed on the sidelines amidst a softening market.

Developers sold 480 new units last month, 34 per cent down from 724 in February, according to Urban Redevelopment Authority figures released on Tuesday.

This was despite 724 new homes being launched for sale in March, an 8 per cent increase from 671 in February. These figures exclude executive condominiums (ECs).

The top seller was 597-unit The Santorini in Tampines, which sold just 76 units in March at a median price of $1,108 per sq ft (psf).

- See more at: http://www.straitstimes.com/news/bus....825Vd4p3.dpuf

[johnlee]

For those that really must buy in the current period, dont forget to negotiate on price strongly with developers (via their agents). The more high end the apartment, the more likelihood there will be a discount. If you don't ask you won't know.

[dtrax]

[azeoprop]

Another few months of such sales figures will surely trigger more attractive discounts from developers. But most probably for selected poor facing starbuy units only.

[walkthetiger]

For those that really must buy in the current period, dont forget to negotiate on price strongly with developers (via their agents). The more high end the apartment, the more likelihood there will be a discount. If you don't ask you won't know.

Every time when there is crisis, many think they are in luck and jump in straight away, but later realized their wrong timing...too early...