Tuesday, June 15, 2010
Hot off the 9.30 news: New property sales in May dropped 50%
It was reported that a total of 1,078 new units were transacted in May. This represented a 50% drop compared to April figures.
The two most popular projects in May were Waterbank @Dakota (52 units @average price of $1,092psf) and The Minton (204 units @average price of $849psf).
For the first five months of 2010, over 7,600 new units were sold. This is 4% more than the entire 1st half of 2009.
Property analysts expect a further drop in new property sale numbers by 25% in June, given the continual depressed market sentiments and the "World Cup" effect.
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1 comments:
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