GCB volumes next year expected to be similar to 2022 levels amid price gap
All eyes are on the trio of Nassim Road bungalows, which, if sold at an expected record price, could raise prices across the GCB market, say agents
THE volume of transactions in Good Class Bungalow (GCB) areas next year is expected to be about the same as this year, amid a widening price gap between buyers and sellers.
So far this year, there have been 43 deals in GCB areas totalling S$1.16 billion, based on the analysis of URA Realis caveats data downloaded on Dec 13 by List Sotheby’s International Realty (List SIR). (The latest transaction was dated Nov 18.)
This marks a sharp fall from the 90 transactions amounting to S$2.57 billion last year.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand