18 Jun '18, 1am

More resale properties exchanging hands this year

Instead of abating, collective sales have continued to fill the market. And the effects have spilled over to the private condominium and apartment sector . The Pier @ Robertson. Picture: iProperty Collective sales prove to have a positive effect on non-landed private home prices Prices of these private non-leaded properties have increased once more last month. Prices of resale private properties rose 1.2% in May. Compared to last May, prices have risen 10.8%. As land acquisitions become pricier, so have the launch prices of new developments. Prices of resale properties in the vicinity have thus risen concurrently. These plus rising buying interest and demand have been the main driving factors for recent market improvements. Analysts have observed consistent 1% monthly increases in all market segments this year. Aside from resale prices, sales volume have also risen. 1,560 ...

Full article: https://www.iproperty.com.sg/news/more-resale-properties-...

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