Monday, March 21, 2011

Developers gradually raising property prices

Developers gradually raising property pricesMar 18, 2011

New launches in Singapore have hit a decent take-up rate and developers are taking the opportunity to raise prices, albeit at a slower pace.

DBS said that recent news about the property measures suggest that home buyers remain optimistic.

CDL sold 150 of the 200 units released at the 521-unit H20 Residences over the weekend.

Similarly, Far East Organization sold another 17 units at the 561-unit Waterfront Isle during the first week of March, resulting in total sales of 370 units.

CDL and Far East Organization have increased their prices by approximately one percent.

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