Private home sales: 2008 revisited?

By The Folks @PropTalk - September 18, 2014 5 Comments

The ST reported today that the number of units launched but unsold at 15.1% in August 2014 is worse than in August 2008 - 2 months to the run-up to the 2008 global financial crisis which hit in October that year. 

Vacancy rate at completed private residential projects are also higher, at 7.1% at the end of the second quarter versus 6.1% in 2008 at the same time. And this is expected to rise further, given a deluge of completed projects in the pipeline and the limited number of expats looking to rent.

 Looks like interesting times are ahead ...

5 comments to ''Private home sales: 2008 revisited?"

  1. Private home resale prices drop 0.3% . NUS 5 Sep 2014

  2. Unsold housing units pile in Bukit Merah, Kallang and Marine Parade Developers forced to offer big discounts to spur sales - See more at:

  3. 30% slump in private home sales: report 14 Oct 2014

  4. Prices of Singapore private homes, resale flats drop again in Q3 -

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  5. Resale private homes prices down in September Oct 29, 2014