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NEWS UPDATES Asean Affairs   16 August 2013  

New private home sales plunge 73% on-month in July

SINGAPORE: Sales of new private homes in Singapore plunged in July.

Figures from the Urban Redevelopment Authority show that just 481 units of new homes were sold last month, down 73 percent from June. 1,806 units were sold in June.

Market watchers had anticipated the sharp drop in sales transactions on the back of new loan curbs introduced on 29 June and the lack of new major project launches in July.

The top-selling project during the month was Vue 8 Residence in Pasir Ris, which moved 63 units, followed by Bartley Ridge at Mount Vernon Road with 25 units sold.

Including executive condominiums (ECs), 593 new homes were sold in July, down from 2,119 units transacted in the previous month.

The best-selling EC project was Forestville at Woodlands, which sold 78 new units.

Developers launched a total of 557 new units last month, compared to 2,421 units placed for sale in June.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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