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Enthusiasm to push ahead with an enbloc sale despite lack lustre market sentiment has forced some owners to lower their expectations. This is what owners at Robin Drive did when they relaunched their property for enbloc sale. However because of the present market sentiment, owners decided to drop their price by 40% in a bid to [...]
Archive for July, 2008
Enbloc sale with a 40% discount
Posted by Agent Tay on July 24th, 2008
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Condo land falling below building costs
Posted by Agent Tay on July 24th, 2008
Developers of entry-level housing squeezed by weak selling prices and surge in construction costs
By KALPANA RASHIWALA [extracted from The Business Times - Singapore]
(SINGAPORE) For the first time in at least two decades, construction costs for some 99-year condo sites are actually higher than their land costs. This is taking place against the backdrop of soaring [...]
UK home prices fall for the first time since 2002
Posted by Agent Tay on July 22nd, 2008
UK house prices dropped this month from a year earlier for the first time since Rightmove plc started measuring them in 2002, as the squeeze on lending pushed up the number of unsold properties to a record.
The average asking price for a home fell an annual 2 per cent to £235,219 (S$634,000), Britain’s most-used property [...]
