Real Estate

Condo Executives Increase Property Sales in Singapore

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Property sales in Singapore posted a growth of 20 percent in May thanks to high demand for luxury condos such as Anchorvale Crescent EC

Nowadays many investors are allocating more funds to this property business, because it is safer and the profits are very promising

Based on data released by the Property Authority of Singapore, 752 private homes were sold over the past month, up from 335 units sold in April.

Nearly half of the properties sold are in the price range above 2,000 Singapore dollars or around US $ 1,460 per square meter. According to OrangeTee & Tie Pte., 52 new housing units have been sold for 3 million Singapore dollars or more.

Christine Sun, Head of Research and Consultation at OrangeTee believes that the Singapore property market is enjoying an flow of investor funds that has shifted from investments in money to safer investments, which are investment property … Read More