21.06.2012 - Singapore: Predicted slow rate of home buying demand in late 2012
Market watchers have warned that home buying demand for the rest of 2012 could slow, according to Channel News Asia. This is mainly because most of the repressed demand for property has been settled. With six Executive Condominium (EC) plots up for tender, analysts predicted a decrease in mass market homes. Lim Yong Hua and his family have been searching for a home and recently purchased an EC unit in 1 Canberra, Yishun for over S$900,000 (US$710,000) . He plans to sell his HDB house in order to raise enough funds to cover payment for the EC...............................................Full Article: Source
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