Real News‎ > ‎2013‎ > ‎September 2013‎ > ‎

7 Sep 2013

Private home sales affected by recent loan restrictions

Source: Channel News Asia

By Olivia Siong and Seet Sok Hwee

Several new properties have been launched or opened for preview this weekend but some property developers said sales have been affected by recent loan restrictions. Skywoods condominium at Dairy Farm Road is one of the new properties that has been launched this weekend. It is going at an average of S$1,250 per square foot. Out of 420 units, 150 units are on offer at this phase. At its pre-launch on Friday, its developer TA Corporation said 35 units were taken up, a rate it said is slower than before.

About 80 units sold at Glades, 35 at Skywoods

Source: Business Times


Two 99-year private residential projects where sales bookings began yesterday saw somewhat different outcomes. Keppel Land is understood to have sold about 80 units at The Glades condo next to Tanah Merah MRT Station yesterday. The average price is believed to be slightly below $1,500 per square foot. The project comprises 726 apartments and three shop units.