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.

Rents Set to Fall with Glut of New Condos - Singapore

Rents set to fall with flood of new condos.  In this ST article,

1. It is fast turning into a tenant's market, with a glut of new condos completing soon.

2. In the past year alone, about 16,000 non-landed private homes were completed, URA figures.

3. 25,000 new units expected to be completed between this quarter and end of next year, with more than half in the suburbs.

4. Numbers point to potential glut in the vicinity of Dairy Farm and Hillview Avenue.

Thanks for reading.