Buying activity ticks up at some condo projects ahead of repricing

MARKET watchers have reported an increase in new sales at some private residential projects over the past fortnight, before developers implemented their planned price hikes.

When approached by The Business Times (BT), numerous developers declined to comment on the price increases, while others did not respond as at press time.

Rising land bids, the depleting supply of private homes, and robust interest at Pasir Ris 8's (PR8) launch on July 24-25 were among the reasons for the higher unit prices.