Private resale condos see good sales in September despite of hungry ghost festival season which did not dampen the property transactions. Majority of the sales are contributed by HDB upgraders and as more executive condominiums hitting 5-years’ MOP, we would expect to see more resale condominiums exchanging hands. Eventually more owners will receive their sales proceeds and they will either get replacement home or invest in other property as there will be shortage of demand in the next few years which will eventually drive the prices upwards as demand stay constant. The Florence Residences have sold close to 65% of its total units and is one of the top selling development in the district 19.
Source: The Straits Times
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