Creative Real Estate Investing

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

The mid tier project are the popular pick during the second quarter of the year. However sale of high end private project took a longer time to sell. Sentiment of new private mass project had increase which caused more seller in the sub sale sector.

Sub sale are the sale of uncompleted project by the purchasers had increase 3 times to around 1,200 unit during the second quarter of 2009. The mid tier project are the more popular and common choice as compare to the high end project.

The popular choice for sub sale projects are Casa Merah, Centris and One Amber. During the second quarter, Casa Merah did well with 54 sub sales transaction with average price of 0, which further increase to 0psf in July and August. Most popular sub sale private project are Rivergate. Average pricing of this project had increase from 00psf to 00psf.

The high end investors are going towards the Sail and The Icon. Though the project is launched in 2003 and 2005, the price rosed 25 and 15 per cent respectively.

Most of the sub sale transaction buyer are investors.

Another factor that contributed to the increased of sub sale are there are many units that were completed this year. Many sub sale happen near to the completion of the condominium. Also, new project launched sell out quickly and some buyers who missed out the opportunity do not mind paying a premium for the choice unit they want.

On the other hand, the flippin transactio had decreased. flipping refer to the buying a property and reselling it in a short time.

On the cautious side, market fundamentals are still not stong by the market sentiment is reversed. With the unclear market condition, the market may experience a wait and see situation

For more information on Singapore Condominium For Sale and Singapore Condominium For Rent , visit sgpropertylist.com

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