Sub Sale of Singapore Private Properties increase threefold in second quarter 2099

Private Properties Market in Singapore is booming during the second quarter 2009.

During the second quarter of the year, the mid end project are the favourite. However the sale of investment high end private property is taking a much longer time to sell. Sub sale market seller are increased due to the increase sentiment of the new private domestic projects.

There was an increase in sub sale transaction to 1200 unit in second quarter of 2009. The popular choice project are those of mid tier rather than the high end.

Centris, One Amber and Casa Merah are the popular sub sale project. Casa Merah did well during the second quarter with 54 sub sale transaction, achieving an average of 0psf. Most popular sub sale private project are Rivergate. The average pricing of the project is increase from 00psf to 00psf.

The Sail and The Icon are the popular project for the investor in the high end project sector. Although the project is launch in 2003 and 2005, the price is increase 25 and 15 per cent respectively.

Most of the sub sale buyers are property investors, while upgrader will tend to find their new home in the mass or mid end project due to affordability factor.

The completed unit increased this year had also contribute to the increase of subsale. Most sub sale happen near to the project completion. Also, for new project that is sold out, some buyers are paying a higher price for the unit they missed out.

flipping transaction however had decreased. Flipping means reselling a property in a very short period of time for making profit.

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

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