Some Projects Unsold - Singapore Property (HSR Research)

It was reported in the ST 20 May 2014 that some housing projects were seeing little or no demand.

Here is the second page of the news report. The news report makes reference to a research report by HSR.

HSR Article
I managed to find the source article, which is available for free download here.

This is the highlight from the HSR report - Home Prices Set to FALL in 2H2014.

50 Projects with Less Than 50% Take-Up Rate
HSR went on to compile a list of 50 projects with less than 50% take up rate.

Treasure on Balmoral and Victory Ville
Treasure on Balmoral and Victory Ville, both at 0%, not a single unit sold since launch.

How do you think the developers are going to move these units?  HSR is recommending that they cut prices but I guess the developers would be loathe to do that.  Imagine all the buyers who had already bought coming back to hound them.

Anyway, it would be very interesting to see what happens next.  Clearly the market has softened and this piece of research by HSR is certainly useful for all to observe.  As many commentators have noticed, there is a lot of supply coming online in Singapore.  See my previous blog post on this issue - Singapore Property Prices Coming Down.

So, is it time to enter the Singapore market again? Do share your views on your community forum.

Happy Investing!