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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.
Published Wed, Mar 18, 2015 · 09:50 PM
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 recorded in Q1 2013 till Q4 2014.
In comparison, prices for condominiums in the Rest of the Central Region (RCR) and Outside the Central Region (OCR) fell 5.8 per cent and 3.1 per cent from their respective peaks.
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