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The developer of Austville Residences has chosen to implement a 'first-come, first-served' system to allocate its units, resulting in overnight queue forming outside its showflat. Overnight queue is one of the sign of bubbly property market which the authority is monitoring. This developer has shot itself in its foot.
quote from http://news.xin.msn.com/en/singapore/art...id=4580247
...He said: "When you start to see people queuing up (at property launches), long queues, and you start to read about people buying 2—3 houses at the same time, people with no steady income....I think those are the sort of signs that there’s a little too much exuberance in the market."
quote from http://news.xin.msn.com/en/singapore/art...id=4580247
...He said: "When you start to see people queuing up (at property launches), long queues, and you start to read about people buying 2—3 houses at the same time, people with no steady income....I think those are the sort of signs that there’s a little too much exuberance in the market."