You may have already seen these reports in the ST today.
There seem to be no let up in momentum for recent property launches, especially for new developments with "smallish" units. However, it will be interesting to see what the rental situation be like once all these "shoe-box" apartments come onto the market in the next 2 - 3years.
The resale market, on the other hand, seemed to have lost steam somewhat.
Given a choice, the wife and I will prefer Resale versus New anytime. This is especially so with the still "crazy" prices for new launches these days. With Resale (especially older, completed developments), you stand a much better chance of getting:
- Larger units at "saner" asking prices.
- Better layouts with spacious living/dining area and much bigger bedrooms.
- Generally no bay windows/planter boxes/PES that eat into your living space.
- And more importantly, you do not have base your buying decision solely on the showflat or worse, just a floor-plan, which can go horribly wrong sometimes.