17 Apr '18, 1am

Resale condo prices follow upward trajectory of collective sales market

One may wonder if the effects of the phenomenon will truly only be felt in a few years’ time. Ripple Bay. Picture: iProperty Secondary market sales get a boost from displaced homeowners Apparently not, as there are already immediate visible effects on the resale prices of properties in some districts. In district 10 and 15 for example, resale prices of existing condominiums have risen significantly. This is following the recent en bloc sale of the Amber Park and Royalville condominiums. The trickle-down effect from the collective sales market has become more apparent especially as displaced owners of condominiums which have been sold en bloc rush to purchase replacement homes. Though the new property market may benefit slightly from this move, many owners need to find a home sooner rather than later and cannot afford the wait required when purchasing units from new launche...

Full article: https://www.iproperty.com.sg/news/resale-condo-prices-fol...

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