Rental rates for private condominium increase 0.1 per cent from January 2020 and are up 3.3% year-on-year, with OCR increasing 2.4 per cent. The Florence Residences, being a club condo with 128 facilities, it will attracts tenants from the future Defu Industrial Hub. It has sold 41per cent till date, with 13 units sold in March 2020 despite the recent COVID-19.
Source: The Straits Times
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