Private properties’ price went up, driven by landed sales and city fringe sales. The prices of resale HDB continue to soar as well, surprising many analyst with such trend. Resale HDB prices rose 1.5% quarter-on-quater, and prices increase 2.3% year-on-year. Such trend are a result of buyers who changed their mind from BTOs as waiting time is longer and with resale they could have earlier move in and choice of buying into estate they want. Pent-up demand is continuing with robust sales in the private properties both resale and new home segment. Kopar at Newton continues to sell well despite it being 99-years leasehold but it is the most competitively priced CCR property as compared to many other existing launches and upcoming launches.
Source: The Straits Times
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