Resale properties transaction continue to soar in October with more than 1,500 units transacted and the figure was also 72.9 per cent higher than that in October last year. Overall resale condos prices rose by 0.8 per cent as compared to September, price growth across all three regions every month.
Prices for the core central region (CCR) rose by 0.5 per cent, the rest of central region (RCR) by 1 per cent and outside central region (OCR) by 0.8 per cent.
As the economy recovers, most buyers are much confident of the market now and took the opportunity to upgrade or resize their property. The Florence Residences is the best selling project in District 19 since circuit breaker as it is close to future Cross-Island MRT Line. With limited stocks in District 19 in the next 1-2 years, we will see overall prices to inch up. It has achieved close to 70% total sales since its launch in early 2019.
Source: The Straits Times
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