Park Place Residences
PUBLISHED APR 14, 2017
Developers are encouraged by sales at Park Place Residences, as the units there are quite pricey. The strong buying signal sales makes them optimistic that while bid prices may be high, there is still demand for good-quality homes.
Mr Alan Cheong, head of Singapore research at Savills, was unequivocally bullish on his assessment of the market.
“The market has turned around and, on the ground, people are presenttly recommitting,” he said.
Mr Cheong noticed that unaltered cooling measures, like the total debt servicing ratio (TDSR), have made the recovery of the market look more steady, preventing it from “turning in its full glory”.
In any case, property watchers ought not anticipate that a recovery associated will a thundering mythical serpent return to life. Mr Cheong likened it to “a newborn baby” that was “still fragile”.
“The turnaround in sentiment is observable and expansive-based, but it lacks the horsepower to accept certain strides in prices – in spite of the fact a gradual creep in prices upward can be accepted by the market,” he said, adding that seasoned property agents were presently bustling settling negotiations.
Source: http://www.straitstimes.com/business/winter-ending-for-spores-property-market
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