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Higher GCB prices despite fewer sales

Depleted supply of bungalows keeps prices firm even as transactions fall to 10-year low
Saturday, April 4, 2015 - 05:50
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Prices of good class bungalows (GCBs) are likely to rise or hold firm this year while the number of transactions remains low, property market observers say.

Singapore

PRICES of good class bungalows (GCBs) are likely to rise or hold firm this year while the number of transactions remains low, property market observers say.

Barring shocks to the economy, GCB prices will hold firm in 2015 due to the lack of supply and the fact that the