Have you been sitting on the fence waiting for some form of key indication that the property market starts to pick up? Well, here is one that suggest that with the rise of the auction volume indicates that the property market has awaken.
Don’t procrastinate further and take action now.
Rising auction sales hint at a recovery
Sep 30, 2015 Singapores property auction market rebounded in the third quarter of 2015, with overall sales reaching $27.63 million or more than double the $9.99 million in the second quarter, but still below the $31.65 million achieved during the same period last year, revealed property consultancy JLL. A total of 10 sales were closed during the quarter, up from five in Q2 and on par with the 10 deals recorded a year ago. JLL noted that 70 percent of sales involved residential properties worth $13.62 million, up significantly from the previous quarters $6.83 million. Read more…
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