Singapore Condominium Market

Perhaps condominium owners should be a little fearful. There are many projects obtaining their TOP soon. The condominiums that I have on hand have really slow take up rate and yet owners in suburban leasehold properties are asking for in excess of $1200 per square foot.

To quote a seller of a 99-year leasehold condominium in Kovan who called me, "Property how to fall? The government bringing in a lot of China people! In one to two years time, Kovan condominiums will be worth more than $2,000 per square foot! I ask $1,500 per square foot only!"

Yeah right... Good luck to him. Based on my records, I believe he has been trying to achieve this price since the start of 2011.

When markets are moving up, us real estate practitioners will feel it. The converse is true as well. If I tell you the market is quiet, I believe I can feel it better than he can since I'm in it on a daily basis.

It's like me advising Sebastian Vettel as to how to pilot this...

The AWESOME RB7 car!!!

Anyway, there will only be ONE champion in 2011...

I'm eagerly awaiting the Singapore Grand Prix...

Yours Sincerely,
Daryl Lum
(+65) 9009 8731
visit my website @ www.DarylLum.com
read my blog @ www.DarylLum.blogspot.com