Weaker Market In April

Developers sales fell in Apr, with only 274 transactions and was about 9% lower than Mar08. The median prices seemed to have dropped by 8.9% from $1,035 psf in Mar to $943 psf in Apr.

Some projects were seeing a drop in their median price ($ psf):
(a) 79-unit Blu Coral: $872 in Feb, $802 in Mar, $657 in Apr
(b) 106-unit The Verve: $1,187 in Mar, $1.055 in Apr
(c) 625-unit The Quartz: $742 in Mar, $721 in Apr

The 659-unit The Parc, which was reported fully sold previously, have put 43 units on sale recently. These units were from buyers who did not want to exercise their options and thus forfeiting a quarter of their 5% downpayment.

However, over at the 56-unit Stadia, 52 units were sold between $750 - $1,000 psf.

* AsiaOne-SofterMkt *