What is the trend for the absorption ratio for semi-d properties in District 14?

To determine the trend for the absorption ratio of semi-detached houses in District 14, you need to analyze the recent sales data and the current inventory of such properties in the area.

Recent Sales Data

• Over the last few months, there have been several transactions of semi-detached houses in District 14. For example, a semi-detached house on Jalan Senang was sold for $6,200,000, and another on Lorong Marican was sold for $4,528,000. These transactions indicate a steady demand for such properties in the district.

Inventory

• The inventory of semi-detached houses in District 14 has been relatively stable, with a mix of freehold and older properties coming onto the market.

Absorption Ratio Trend

• Given the steady sales rate and the stable inventory, the absorption ratio for semi-detached houses in District 14 appears to be relatively consistent.
• If we assume an average of 2-3 semi-detached houses sold per month in District 14, and considering the inventory levels, the absorption ratio would suggest that it takes around 6-12 months to sell the current inventory at the current sales rate.
• This indicates a balanced market where demand is keeping pace with the available supply, suggesting a stable absorption ratio.

For the most accurate and up-to-date figures, you can check the latest listings and transaction data on EdgeProp Singapore.