Prices of non-landed private properties hit 2-years’ high with figures surpassing that of August and September and October last year. Analyst discussed that this is just the beginning of economy recovery with many buyers entering the property market as lending rates is still low and there is limited supply of land parcel putting up for sale by Government. Overall prices in all region rose by slightly less than 1% and with majority of the sales contributed from the mass market segment. Sales in Kopar at Newton remained steady even though facing stiff competition from many new launches in the CCR with developers dangling discounts to potential buyers. Developer is still selling at launch day prices with no adjustment in price till date.
Source: The Straits Times
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