The Florence Residences sold a total of more than 80-units since 06/04/2020 when the circuit breaker start and units are still flying off the shelves every week. Buyers are attracted with the low quantum starting from $709,000 onward for 1-bedroom as it meant that cash outlay is lower and majority could obtain mortgage loan from financial institution easily. As soon as the development hits 50% sold units, price may increase due to strong demand.
Source: The Business Times
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