Luxury condo deals double in first half
Transactions of S$10m and above put up best showing since H2 2013; actual total may be even higher
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CONDO transactions of S$10 million and above in the January-June period are up sharply from a year ago, marking the strongest showing since the second half of 2013. The strong pick-up was fuelled largely by foreign buying, attractive pricing and a general improvement in property market sentiment in recent months.
According to CBRE Research's analysis of URA Realis caveats data, 19 condos were sold for at least S$10 million each, adding up to S$259 million - more than double the eight transactions totalling S$103 million in H2 2015. The H1 performance is the best since the 21 deals worth S$265 million in H2 2013.
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