6 months to offload a condo, 3 to sell a flat

Slowing market?  Most definitely.

It now takes about 6 months to sell a condominium, and 3 months to offload a flat.

Seriously, 3 months to offload a flat is still very fast, by any international measure.  Our experience in London informs us that selling a flat there takes at least 6 months, if not longer.  The London market has also cooled significantly.

I suppose gone are the days that flats sell like hot cakes.

Thanks for reading.

No one home as EC waits for occupants

Vacancy rates soar as supply spikes.  Upgraders take longer to sell flats.

The resale market is rather lacklustre.  Vacancy rates at executive condominiums are at their highest level in more than five years.  Demand for HDB flats has cooled, so upgraders take a significantly longer time to sell their HDB units.

Vacant EC units rose to 16.2% in the third quarter, from 12.2% in the second quarter and justt 6% in the first.   The 2,375 vacant units came mostly from newer projects.  This is unsurprising.  There seems to be a flood of supply in the market.

 Thanks for reading.

Housing and Development Board - The Promise

A video produced by the Singapore's Housing and Development Board or HDB.  The HDB is responsible for public housing in Singapore.  Very touching video.  There is a lot of meaning to the word, home.



Thanks for watching.

PETA - People for the Ethical Treatment of Animals - Vegan Movement - http://www.peta.org/

PETA or People for the Ethical Treatment of Animals claims to be the largest animal rights organization in the world.  Over the weekend, they held an 'exhibition' in Trafalgar Square London, urging people to 'Choose Vegan'.

Broad speaking, a Vegan is a person who does not eat or use animal products.  It goes beyond a vegetarian.  Check out the pictures from their website below.  Quite dramatic indeed.

London, Trafalgar Square in late October.  I do wonder if the humans feel cold.

This is what is called a human body exhibition. At least the sun was shining.  Makes for a better exhibit.

Thanks for reading.

Battersea Phase 3 Selling Well in Singapore

Half the units allocated to Singapore based buyers for phase 3 of Battersea Power Station project were sold on the first day of its global launch.

Wow.  While the Battersea Project looks attractive, phase 3 prices are really high, in my opinion.  I guess the Singapore-based buyers have deep pockets and are willing to invest in London.  Not bad.

 Thanks for reading.