Latest Market News

Resales eat into developers' share of Q4 deals

Thursday 21 January 2010

A higher proportion of private home buyers turned to the resale market in Q4 2009 to pick up their dream homes instead of visiting a developer's showflat.


Fewer launches by developers in Q4 and the removal of the interest absorption scheme in September last year probably contributed to this shift.


Jones Lang LaSalle (JLL)'s analysis of private housing transactions shows that the number of caveats lodged fell in all categories - primary market (or developer sales), resale and subsale markets - in Q4 2009 compared with the preceding quarter.

Source: The Business Times