Eden Real Estate – Eden Realestate Region, Bega & Merimbula

The Singapore private properties market is show sign of exciting during the second quarter 2009.

The domestic and mid end condominium project are the popular pick in the second quarter of the year. However the sale of high end private property is taking longer time to sell. The domestic private project increased sentiment had attracted more sellers in the sub sale market.

Sub sale which mean sale of uncompleted private properties by purchasers increase threefold during the second quarter of 2009. Mid tier projects are the popular pick compare to the high end projects.

The popular sub sale project are Casa Merah, Centris and One Amber. 54 sub sales transaction were done at Casa Merah alone during the second quarter, averaging at 0psf, and the price increase to 0psf during June and August. The most popular sub sale project are Rivergate. The average price increase from 00 psf to 00psf.

For investment project, The Sail and Icon is the popular one for the investors. Although the project is launched in 2003 and 2005, the prices increase 25 per cent and 15 per cent.

Many sub sale unit are sold to investor.

Another factor that add to the increased of sub sale are that there are many units that were completed this year. Most of the sub sale occurs for a project when it is near to completion. Also, for the new project that is sold out, some buyers are buying at above market price for the choice unit.

On the other hand, the flippin transactio had decreased. Flipping means the reselling of a property in shortest period after buying.

On the careful side, the market sentiment are great but the fundamentals is not that strong. With the unclear market condition, the market may experience a wait and see situation

For more information on Singapore Condominium For Sale and Singapore Condominium For Rent , visit sgpropertylist.com

Tags: singapore condominium for rent, singapore condominium for sale