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Luxe condos may be near a 'turning up' point

With institutions and sophisticated investors buying stacks of condo units, it may indicate that the risk return payoff may favour a re-entry into the high end market.

AMONG the various segments of the condominium market, the luxury end has been the most affected by the slate of cooling measures.

Using the Core Central Region (CCR) to represent the luxury segment of the condominium market, we see that prices have fallen 6.6 per cent from the peak...

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