Analysis shows median prices of units decline in some projects
Singapore
A SAMPLING of 20 existing private residential projects on the market by R'ST Research showed that 12 of them had declines in median prices on units sold by their respective developers, ranging from 0.4 per cent to 14 per cent, between June and September this year.
Six projects saw price increases of one to 4 per cent. Developers of two projects did not sell any units in June, so a price comparison between that month and the latest sale month was not possible.
R'ST Research director Ong Kah Seng acknowledged that the price changes over the four-month period in each project could also be due to differences in the types of units sold in the relevant month, such as variation in sizes and the o…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Lucrum Capital looks to sell Killiney hotel site for S$195 million
US 30-year mortgage rate rises to five-month high of 7.24%
Money laundering accused Su Baolin’s Sentosa property goes unsold at auction
US Judge approves US$418 million settlement that will change real estate commissions