End of property boom in sight?

[Unregistered]

yeap.. and the projects i listed for the illustration of my point are just a fraction of the land parcels purchased in 2006 and 2007.Close a hundred of such parcels are lying in the land banks of these developers and they won't let these go at a loss. They aren't called the big players for nothing and their influence on the prices of developments isn't something you can just dismiss. Remember which property was at the forefront of this current property bull run? It is no doubt The Sail which kicked off its sales at around 1000psf.. people were scoffing at the prices even as hundreds (probably agents) queued overnight for a unit. They set a benchmark then and this benchmark has been pushed higher and higher even since and there's no turning back for these major developers and there's no turning back for property prices in Singapore. At least not back to the level we had back in 2004 or 2005. After all, you can actually call the recent bull run a "correction" for the market subdued for so many years by 911, SARS and the oil turmoil stemming from the Iraqi war. Property prices stayed at bargain levels even as inflation shot through the roof and it's only right that a correction should come to bring prices back to where it is supposed to be.

Do you think the US subprime crisis can kick prices back to where it was before? Unlikely. It will just remove some of the froth from the property market and let reality set in a little for some. Be prepared to pay more than last time for your homes in a developed country like Singapore.

*Of course, like many of you out there I would love to be able to get a FH condo in Dist 4,5 for my hard earned $700k instead of a 10 year old resale HDB just across the road. But sometimes, things just got to move on. You cant find fishball noodles for $1.50 anymore.

Well said, people should understand that policemen cannot wear shorts anymore, it just does'nt make sense. People have to wake up their ideas that we need to move on and property prices will never go back to the pre-SARS period. No wonder these sour grapes are making so much noise to let go their steam. I believe their wait for the property prices to go down will be futile.

[Unregistered]

Well said, people should understand that policemen cannot wear shorts anymore, it just does'nt make sense. People have to wake up their ideas that we need to move on and property prices will never go back to the pre-SARS period. No wonder these sour grapes are making so much noise to let go their steam. I believe their wait for the property prices to go down will be futile.

Well soon people would have to switch of lights, drive every alternate day and go back to cultivating land to survive. So going back to pre-SARS days is not a big thing. In fact will go back to much longer back. Better order your bullocks for the cart soon before the waiting time goes up.

[Unregistered]

Well soon people would have to switch of lights, drive every alternate day and go back to cultivating land to survive. So going back to pre-SARS days is not a big thing. In fact will go back to much longer back. Better order your bullocks for the cart soon before the waiting time goes up.

Worst sencenario, police man wear underwear. like Tazan style....haha

[Unregistered]

Sell condo and buy rice.

India introduces rice export ban

The Indian government has banned the export of non-basmati rice to try and control soaring domestic food costs.

The decision, one of a series of measures to curb inflation, was taken during an emergency cabinet meeting.

The price for exports of aromatic basmati rice has also been raised to $1,200 per tonne to discourage exports.

The move could have an impact on rice prices globally as the country is the third largest exporter of the grain - a staple food in many countries.

The move is the latest in a series of increases in the export price of non-basmati rice.

The price of such rice was increased from $650 to $1,000 per tonne in the month of March alone.

Global problem

The government imposed a total ban on non-basmati rice exports last October but lifted it following protests from exporters.

India is the second-largest rice producer in the world. It usually exports more than four million tonnes of rice a year.

The government also announced that it would be scrapping import duty on all crude edible oils as part of its inflation-curbing measures.

India ended its reliance on food imports in the 1970s, largely to the government's so-called Green Revolution.

But two years ago, it imported wheat for the first time in six years following a significant drop in its stockpiles.

The government wants to avoid a similar situation for its rice stocks.

In mid-March, in an attempt to bolster its stocks, India abolished import duties on rice.

The problem is an international one, as global rice stocks have reached a 25-year low.

[Unregistered]

Japanese business confidence hits four-year low
Posted: 01 April 2008 0814 hrs


TOKYO: Japanese business confidence has slumped to the lowest level in more than four years as executives worry about a stronger yen, a weak US economy and high oil prices, a central bank survey showed Tuesday.

Confidence among major manufacturers tumbled to 11 in March from 19 in December, according to the Bank of Japan's quarterly Tankan survey. Market forecasts, on average, had been for a figure of 12.

It was the second straight quarterly decline, pushing sentiment down to the worst level since the fourth quarter of 2003, according to the survey, which covers a total of more than 10,000 companies.

Major manufacturers predict a further deterioration in business conditions to a figure of seven in June.

The index represents the percentage of firms experiencing favourable business conditions minus the percentage of those seeing unfavourable conditions.

Confidence among large non-manufacturers fell to 12 from 16 in December.

Japan's corporate sector has been a key driver of the recovery in the world's second largest economy after a decade-long slump.

Helped by a weak yen and brisk exports, companies have racked up record earnings in recent years that allowed them to invest heavily in new equipment and factories.

But many firms are now looking to scale down capital spending to cope with an expected drop in earnings amid fears of a US recession and financial market turmoil that has pushed the yen sharply higher against the dollar.

Large manufacturers and non-manufacturers plan to cut their capital spending by 1.6 per cent in the new fiscal year that began on Tuesday, while firms of all sizes and industries anticipate a reduction of 5.3 per cent, the survey showed.

The combined current profit of all the companies is expected to rise by 2.4 per cent in the fiscal year to March 2009, after a 1.6 per cent drop in the previous year, the Bank of Japan reported. - AFP/ac

[Unregistered]

You want facts and figures, here are some from the SISV Realink21 Caveat Database.

One problem with properties is that they're not a homogeneous product.

To make a meaningful comparison, I try to choose units around the same level and floor area (but they are not exact).

Normally, higher floors command better price. Also, the psf price tends to be higher for smaller units.

I just sample some developments I'm familiar with ...

District 11: Newton Suites (High Floor)

14 May 07: #30-04: 1,238 sf at $1.23 m ($1,544 psf) (Before Sub-Prime)
26 Dec 07: #32-03: 1,238 sf at $2.41 m ($1,950 psf) (After Sub-Prime)
26 Feb 08: #34-02: 1,238 sf at $2.35 m ($1,900 psf) (Latest)

District 4: Twin Regency (Mid Floor)

16 May 07: #13-06: 1,216 sf at $1.3 m ($1,069 psf) (Before Sub-Prime)
10 Dec 07: $13-03: 1,442 sf at $1.8 m ($1,248 psf) (After Sub-Prime)
13 Feb 08: #09-08: 1,227 sf at $1.52 m ($1,239 psf) (Latest)

District 16: Costa Del Sol (High Floor)

30 July 07: #26-19: 1,561 sf at $1.78 m ($1,140 psf) (Before Sub-Prime)
27 Dec 07: #23-31: 1,238 sf at $1.4 m ($1,131 psf) (After Sub-Prime)
18 Mar 08: #28-09: 1,346 sf at $1.635 m ($1,215 psf) (Latest)

Any reasonable person looking at these data can only come to the conclusion that the latest official information tells us that prices are holding steady. Neither up now down.

Of course, some people like to point out that this set of information is not the "latest" compared to what "their agent" told them.

However, they have been saying that for the past several months ...

Good Facts!

From these data, it seems like property market is holding on quite well....anyone has other data to support this or otherwise contest it?

[Unregistered]

Good Facts!

From these data, it seems like property market is holding on quite well....anyone has other data to support this or otherwise contest it?

tHIS U WAN???A SMALL property firm that snapped up enough sites to place it among the top en bloc players last year has put off completing two deals while it ties up funding.
Because of the delays, owners at one condo are still waiting to pick up cheques for well over $1 million each. They expected payment in late February but an extension put this back to March and now the due date is late this month.

The payments are pending from Bravo Building Construction, a relatively new firm on the property scene. It bought freehold Pender Court condominium in the Telok Blangah area for $80 million last July and soon after purchased Tulip Garden near Holland Road - also freehold - for $516 million.

But completion of both deals seems to have stalled.

Completion is at the final stage of the sale process and triggers the final payment - usually around 95 per cent of the purchase price - to owners. The remaining 5 per cent is paid when the owner vacates.

These headaches for the owners come amid a slowing market for collective sales. The first quarter this year saw just one relatively small deal, compared with some 25 notched up in the same period last year.

The Tulip Garden transaction is expected to be completed late next month but Bravo has already asked for two postponements - first to July 23 and then Aug 7.

It has also asked for extensions to pay an additional 5 per cent of the purchase price - $25.8 million.

This is a routine payment required once the Strata Titles Board approves a sale. An initial 5 per cent deposit was paid when the sale was done.

The deadline for the second 5 per cent payment was March 13 but Bravo won approval to move it to April 7. Then in mid-March, it again asked to move the date, this time to May 5.

However, before the sale committee could respond to the request, it is understood that Bravo asked again to have the date moved even further back, to June 7.

Tulip Garden sold for about $1,018 per sq ft. It has 164 units comprising 96 flats, 66 maisonettes and two shophouses. Flat owners stand to reap $2.5 million to $4.2 million while maisonette owners will receive about $3.4 million each. The shop units will get about $1.1 million each.

The owners are meeting this weekend to consider Bravo's requests that the completion date be pushed back to Aug 7 and the deadline for the $25.8 million payment be extended to June 7.

The Pender Court deal is even further behind schedule.

Bravo was supposed to have completed the sale on Feb 25 but had it postponed, initially to around mid-March. It then asked for a further extension to April 24, which has apparently been granted.

Pender Court's 48 owners should each get $1.6 million or so for their flats, which sold for about $872 psf.

Sources have told The Straits Times that they understand Bravo is committed to completing the two purchases and just needs more time to arrange funding.

Bravo, which was registered in 2002, reportedly picked up $824.5 million worth of en bloc sale deals last year, making it the fourth-largest buyer of en bloc sites.

Bravo's directors could not be reached for comment, despite numerous telephone calls and a visit to its office in an industrial building in Geylang Road last Friday. A Bravo staff member said that the company directors were away on business.

[Unregistered]

You are right. Those sour grapes above are ignorant. They don't even know that hawkers can make a lot of money. I thought every one already knows that?

Sour Grape Ignorance 7 - Don't know that hawkers can make a lot of money.

Let me open the sour grapes eyes with the Straits Times articles below. But be forewarned ... the sour grapes may become even more sour ...

WAHH!!! I ALSO WANT TO OPEN A HAWKER STORE LEH SELLING PRAWN NOODLE. LOL
Buy $6m bungalow and a bently.
Or sell Yong tow fu also can lah. Anybody can teach me how to cook sting ray???

[Unregistered]

Good Facts!

From these data, it seems like property market is holding on quite well....anyone has other data to support this or otherwise contest it?

I agree. Please also show the number of units sold, number of units returned and number of units where options lapsed.

[Unregistered]

tHIS U WAN???A SMALL property firm that snapped up enough sites to place it among the top en bloc players last year has put off completing two deals while it ties up funding.
Because of the delays, owners at one condo are still waiting to pick up cheques for well over $1 million each. They expected payment in late February but an extension put this back to March and now the due date is late this month.

The payments are pending from Bravo Building Construction, a relatively new firm on the property scene. It bought freehold Pender Court condominium in the Telok Blangah area for $80 million last July and soon after purchased Tulip Garden near Holland Road - also freehold - for $516 million.

But completion of both deals seems to have stalled.

Completion is at the final stage of the sale process and triggers the final payment - usually around 95 per cent of the purchase price - to owners. The remaining 5 per cent is paid when the owner vacates.

These headaches for the owners come amid a slowing market for collective sales. The first quarter this year saw just one relatively small deal, compared with some 25 notched up in the same period last year.

The Tulip Garden transaction is expected to be completed late next month but Bravo has already asked for two postponements - first to July 23 and then Aug 7.

It has also asked for extensions to pay an additional 5 per cent of the purchase price - $25.8 million.

This is a routine payment required once the Strata Titles Board approves a sale. An initial 5 per cent deposit was paid when the sale was done.

The deadline for the second 5 per cent payment was March 13 but Bravo won approval to move it to April 7. Then in mid-March, it again asked to move the date, this time to May 5.

However, before the sale committee could respond to the request, it is understood that Bravo asked again to have the date moved even further back, to June 7.

Tulip Garden sold for about $1,018 per sq ft. It has 164 units comprising 96 flats, 66 maisonettes and two shophouses. Flat owners stand to reap $2.5 million to $4.2 million while maisonette owners will receive about $3.4 million each. The shop units will get about $1.1 million each.

The owners are meeting this weekend to consider Bravo's requests that the completion date be pushed back to Aug 7 and the deadline for the $25.8 million payment be extended to June 7.

The Pender Court deal is even further behind schedule.

Bravo was supposed to have completed the sale on Feb 25 but had it postponed, initially to around mid-March. It then asked for a further extension to April 24, which has apparently been granted.

Pender Court's 48 owners should each get $1.6 million or so for their flats, which sold for about $872 psf.

Sources have told The Straits Times that they understand Bravo is committed to completing the two purchases and just needs more time to arrange funding.

Bravo, which was registered in 2002, reportedly picked up $824.5 million worth of en bloc sale deals last year, making it the fourth-largest buyer of en bloc sites.

Bravo's directors could not be reached for comment, despite numerous telephone calls and a visit to its office in an industrial building in Geylang Road last Friday. A Bravo staff member said that the company directors were away on business.

Oh all in the air. Too much excess supply shortly in the market. Buyers market!!!!!!!

[Unregistered]

Ah HAH !!!

Sour Grape Paradox 5 (SGP5) detected ! Beep! Beep! Beep!

How come sour grape has an "agent"?

What is this "agent" doing for sour grapes?

Is the "agent" acting as buyer's agent or seller's agent?

Remember, an agent's job is to close a deal. Got deal, got commission. No deal, no commission.

Let's analyse carefully, one scenario at a time, and we shall see Sour Grape Paradox 5 ...

Scenario 1 - Sour Grape is a Buyer

If sour grape is a buyer looking to buy a condo, then this "agent" is a buyer's agent.

In that case what the "agent" does is incorrect. If the buyer's agent keep telling the buyer that prices are coming down, then the buyer will keep offering lower, and the more difficult it is to close deals. No deal, no commission.

Makes no sense.

Scenario 2 - Sour Grape is a Seller

If sour grape is a seller wishing to sell his condo, then this "agent" is a seller's agent.

In that case what the "agent" does is correct. Agents' job is to close a deal, so by scaring the seller that there is going to be a firesale and big meltdown coming ... hmmm ... that makes sense. So that the seller will panic and quickly accept whatever offer comes along. Close deal, earn commission.

Sounds quite logical ...

BUT WAIT!!!

Sour grape is a seller? That's impossible!

So scenarios 1 and 2 are both not possible.

However, based on careful analysis of sour grape's mentality, I am beginning to see a third possible scenario.

Scenario 3 - Sour Grape's "Agent" is not a Property Agent but a Maid Agent because Sour Grape is actually a Maid

Sour grape did not mention what type of agent. I suspect it could be a maid agent, and sour grape is actually a maid.

Here is my points to validate this hypothesis:

1. Property ownership in Singapore is almost 100% (85% HDB and 15% Private) hence a sour grape who hopes the property market to crash must be someone who does not own a property. Hence a maid fits this profile.

2. The maid agent told the maid "Go to market must bring cash."

Then the maid heard wrongly and kept posting here "Market going to crash."

Poor guy has gone crazy. Even such guys can discuss property?

[Unregistered]

I agree. Please also show the number of units sold, number of units returned and number of units where options lapsed.

BUYER'S MARKET, NO NEED DATA OR ANALYASIS. USE OWN BARGAINING POWER!!!!!!!!!!!!all data are to be thrown away, misleading.

[Unregistered]

BUYER'S MARKET, NO NEED DATA OR ANALYASIS. USE OWN BARGAINING POWER!!!!!!!!!!!!all data are to be thrown away, misleading.

What buyer's market you are talking about?? Every weekend, I really pity all the buyers going in and out of condos under the hot sun thinking of buying some cheap bargin. At the end of the day, all buyers are really wasting their time and energy as all sellers who have holding power, not selling.

Mr, its all about holding power, there will be some but majority all have $$$$$$, all can tong wan. Buyers, stop wasting your time to bargin as prices will not drop like no tomorrow. YOu are also wasting seller's time, walk in walk out of condos, just like walk in walk out of Pertain road.

[Unregistered]

What buyer's market you are talking about?? Every weekend, I really pity all the buyers going in and out of condos under the hot sun thinking of buying some cheap bargin. At the end of the day, all buyers are really wasting their time and energy as all sellers who have holding power, not selling.

Mr, its all about holding power, there will be some but majority all have $$$$$$, all can tong wan. Buyers, stop wasting your time to bargin as prices will not drop like no tomorrow. YOu are also wasting seller's time, walk in walk out of condos, just like walk in walk out of Pertain road.

Are you a security guard at some showflat?

[Unregistered]

What buyer's market you are talking about?? Every weekend, I really pity all the buyers going in and out of condos under the hot sun thinking of buying some cheap bargin. At the end of the day, all buyers are really wasting their time and energy as all sellers who have holding power, not selling.

Mr, its all about holding power, there will be some but majority all have $$$$$$, all can tong wan. Buyers, stop wasting your time to bargin as prices will not drop like no tomorrow. YOu are also wasting seller's time, walk in walk out of condos, just like walk in walk out of Pertain road.

WA!!!!!! so agitatted for wat????? dun u kno visiting show flat is consider national past time???? like go shoping center. Do u also kno the rule of game,
"SEE WHO BRINK 1ST". ????. In buyer' market, whu cares whu u r?????
Money in my pocket safer. Rite???? i suggest u cool down 1st. we higher class
ppl dun kno wat is PERTAIN ROAD mean??????

[Unregistered]

Are you a security guard at some showflat?

Tink cleaner of show flat., too many ppl visit show flat without buying, tat y piss off. no coomission cut from agent.

[Unregistered]

Tink cleaner of show flat., too many ppl visit show flat without buying, tat y piss off. no coomission cut from agent.

That is a good sign (a lot of people visiting showflat). Pent up demand is building up.

[Unregistered]

That is a good sign (a lot of people visiting showflat). Pent up demand is building up.

Wat is worried is exit route. a lot of buyer is now visiting showflat to feel the market. any sign of trouble , run 1st.........

[Unregistered]

Wat is worried is exit route. a lot of buyer is now visiting showflat to feel the market. any sign of trouble , run 1st.........

Sorry, now sellers also visiting show flat to feel good when they see many 'buyer' coming. But they dont know those buyer coming to show their kids something new rather than toys. They show model of buildings.

[Unregistered]

I think the reason why buyer now is not in a rush to own a condo is because they dont really need it. you sell me cheaper, ok i will buy and take the risk but if you dont sell me cheaper then forget it and keep money in the bank for interest. AUD interest is 8%. a very good return.
Thats the attitude of most buyers right now.

[Unregistered]

I think the reason why buyer now is not in a rush to own a condo is because they dont really need it. you sell me cheaper, ok i will buy and take the risk but if you dont sell me cheaper then forget it and keep money in the bank for interest. AUD interest is 8%. a very good return.
Thats the attitude of most buyers right now.

1 (ONE) WORD DESCRIBE ALL. ==== CHEAP=======

[Unregistered]

Wat is worried is exit route. a lot of buyer is now visiting showflat to feel the market. any sign of trouble , run 1st.........

And I think they feel something now!!

[Unregistered]

1 (ONE) WORD DESCRIBE ALL. ==== CHEAP=======

This word CHEAP is new in the market now, however if conditions around the world did not improve the next few months, another few words had to be added to describe it better====cheap cheap cheap====

[Unregistered]

I think the reason why buyer now is not in a rush to own a condo is because they dont really need it. you sell me cheaper, ok i will buy and take the risk but if you dont sell me cheaper then forget it and keep money in the bank for interest. AUD interest is 8%. a very good return.
Thats the attitude of most buyers right now.

Already happening in some of the new condos in west coast.

[Unregistered]

Good Facts!

From these data, it seems like property market is holding on quite well....anyone has other data to support this or otherwise contest it?

Thanks for your compliments.

Yes. There is someone else who has data to support this.

It is the Urban Redevelopment Authority.

Business Times - 01 Apr 2008

S'pore private home prices rise 4.2% in Q1

SINGAPORE - Singapore private home prices rose 4.2 per cent between January and March sustaining a four-year increase even as property sales slowed this year, early government estimates showed on Tuesday.

The Urban Redevelopment Authority (URA) said the price index for private residential homes rose to 178 points for the three months ended March, from 170.8 in the previous three-month period.

Private home sales slumped in the first two months of 2008, and could fall to the lowest quarter since the Sars epidemic in 2003 as government moves to curb property speculation took effect and global economic fears kept buyers at bay.

The first-quarter gain follows a 6.8 per cent rise in the October-December period and after the index rose 31.2 per cent overall for 2007, and compares with 4.8 per cent in the first quarter of 2007, and 3.8 per cent in the final quarter of 2006.

The advance estimates are compiled from transaction prices lodged during the first 10 weeks of the quarter as well as data from new apartments that have been booked.

The URA will release the official price index in four weeks. -- REUTERS

Copyright © 2007 Singapore Press Holdings Ltd. All rights reserved.

Well ... I was elated to read this, but was quite apprehensive that it could be an April's Fool Joke by Business Times.

I don't want to become the butt of jokes by all these sour grapes, so I checked up URA website.

It is confirmed. You can check this link here:

http://www.ura.gov.sg/pr/text/2008/pr08-35.html

Of course if it's an April Fool's joke by URA, then I can't help it.

[Unregistered]

So is the property market going to continue up after taking a breather, or is this the last gasp before the crash?

[Unregistered]

URA A FOOL!

[Unregistered]

HDB and private property prices up in Q1 flash estimates
Posted: 01 April 2008 1345 hrs

Private residential property prices in Singapore rose 4.2 percent in the first quarter this year, according to the latest preliminary estimates from the Urban Redevelopment Authority.

The pace was slower than the 6.8 percent clip recorded in the fourth quarter of last year.

On a quarter on quarter basis, the biggest rise in property prices for non-landed properties came from the central districts just outside the prime postal districts of 9, 10 and 11.

Prices in these central areas increased 7.7% in January to March, compared with the October to December period.

Properties in the prime districts of 9, 10 and 11, as well as the downtown area and Sentosa, rose 7.5 percent on quarter.

And those in the rest of Singapore advanced about 7 percent in the first quarter from the previous three months.

The preliminary estimates are based on transaction prices given in caveats lodged during the first 10 weeks of the quarter, as well as the number of new units sold.

Meantime, the Housing and Development Board says prices of HDB resale flats rose 3.4 percent in the January to March period over the previous three months.

This is lower than the 5.7% increase in the fourth quarter.

Both the URA and HDB will release final figures at the end of April.

The URA said in its release, that as at 4th Quarter 2007,there are about 64,900 private residential units in the pipeline, of which about 56,100 new private housing units are expected to be completed between 2008 and 2011.

There are also some 38,300 units that have yet to be put on sale by developers.

As for the supply of government flats, the HDB said it had made available in the first quarter of this year, some 1,100 new flats in two Build-To-Order (BTO) projects in Punggol and Yishun.

It said that depending on demand, there could be another 5,000 new BTO flats in towns such as Punggol, Sengkang, Woodlands and Bukit Panjang.

The total planned BTO supply of 6,100 new flats for January till September 2008 will surpass the annual BTO flat supply in 2007 and 2006.

This new supply of flats will be in addition to those offered under Balloting Exercises for surplus replacement SERS and other flats, as well as the planned release of three Design-and-Build sites in Simei, Toa Payoh and Bedok with some 1,500 flats in the 1st half of 2008. - CNA/sf

[Unregistered]

HDB and private property prices up in Q1 flash estimates
Posted: 01 April 2008 1345 hrs

Private residential property prices in Singapore rose 4.2 percent in the first quarter this year, according to the latest preliminary estimates from the Urban Redevelopment Authority.

The pace was slower than the 6.8 percent clip recorded in the fourth quarter of last year.

On a quarter on quarter basis, the biggest rise in property prices for non-landed properties came from the central districts just outside the prime postal districts of 9, 10 and 11.

Prices in these central areas increased 7.7% in January to March, compared with the October to December period.

Properties in the prime districts of 9, 10 and 11, as well as the downtown area and Sentosa, rose 7.5 percent on quarter.

And those in the rest of Singapore advanced about 7 percent in the first quarter from the previous three months.

The preliminary estimates are based on transaction prices given in caveats lodged during the first 10 weeks of the quarter, as well as the number of new units sold.

Meantime, the Housing and Development Board says prices of HDB resale flats rose 3.4 percent in the January to March period over the previous three months.

This is lower than the 5.7% increase in the fourth quarter.

Both the URA and HDB will release final figures at the end of April.

The URA said in its release, that as at 4th Quarter 2007,there are about 64,900 private residential units in the pipeline, of which about 56,100 new private housing units are expected to be completed between 2008 and 2011.

There are also some 38,300 units that have yet to be put on sale by developers.

As for the supply of government flats, the HDB said it had made available in the first quarter of this year, some 1,100 new flats in two Build-To-Order (BTO) projects in Punggol and Yishun.

It said that depending on demand, there could be another 5,000 new BTO flats in towns such as Punggol, Sengkang, Woodlands and Bukit Panjang.

The total planned BTO supply of 6,100 new flats for January till September 2008 will surpass the annual BTO flat supply in 2007 and 2006.

This new supply of flats will be in addition to those offered under Balloting Exercises for surplus replacement SERS and other flats, as well as the planned release of three Design-and-Build sites in Simei, Toa Payoh and Bedok with some 1,500 flats in the 1st half of 2008. - CNA/sf

wah so much increase...great news. run run and buy now.

[Unregistered]

I think the reason why buyer now is not in a rush to own a condo is because they dont really need it. you sell me cheaper, ok i will buy and take the risk but if you dont sell me cheaper then forget it and keep money in the bank for interest. AUD interest is 8%. a very good return.
Thats the attitude of most buyers right now.

I am one of them. Dont know how many more ? Any way my FD still in S$. Any risk in AUS$?