03 Apr '18, 2am

11 properties sold under the hammer valued at $19.97 million

The value of homes sold in the auction has increased 31.2% in the first quarter alone. 11 homes sold in the auction to the tune of $19.97 million In Q1 of 2017, 8 homes were sold under the hammer for $15.23 million. This year, the numbers rose by 31.2% with the total value of 11 homes sold within Q1 reaching $19.97 million. Property analysts are seeing this improvement as market resilience. The positive sentiments in the market are shown in the strong demand for property purchases, both residential and commercial. While some buyers may have been waiting for policy changes, especially in stamp duty rates, many may be tired of waiting and are coming back into the fold. The Government’s announcement of stamp duty hikes in the last Budget may have given buyers a strong sign that this policy is not likely to shift anytime soon. Related : Will ageing population affect HDB flat m...

Full article: https://www.iproperty.com.sg/news/11-properties-sold-unde...

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