Property market still buzzing
Sales of condominiums appear to be strong, despite last Friday's
cooling measures by the Govt. High-end units like Waterscape at
Cavenagh, L'VIV and The Laurels are doing well, while the much
anticipated The Vision at West Coast are already collecting cheques.According to the Business Times, Hiap Hoe's Waterscape at Cavenagh are said to have shifted 45 units (mostly 1BRs) over the weekend. It's average price about $1,873 psf. So far the developer has sold 61 out of the 200 units available.
Wing Tai's L'VIV at Newton also sold "more than a dozen units over the weekend", making total sales to about 35 units. Average price at L'VIV is about $2,000 psf. DPS is available as it was approved before the scheme was removed in Oct 2007.
The Laurels on Cairnhill, formerly the site of Hillcourt Apartments, are selling at a preview price of $2,500 to just under $3,000 psf.
Closer to the mid-end/mass market front, agents at The Vision at West Coast Crescent are already collecting cheques. Prices are rumoured to be around $1,000 to $1,2000 psf.
Phew! Looks like Feb could be another record high! Now we shall await the response of The Estuary at Yishun to see if the property market has cooled. If it hasn't then it's quite possible that the Govt could take more drastic steps to rein in the exuberance.
Wonder what they've got up their sleeve? Any ideas?
Via Business Times - "Buzz in private housing sales continues"
Posted on 25-02-2010 12:48 | By John
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