New-resale home psf price gap widens to 40% in 2019
Analysts expect spread to expand with more new supply available this year as interest rates remain low
Add BT as a preferred sourceSingapore
SINGAPOREANS' penchant for the new is driving the premium between new homes and older ones wider.
Last year, the premium between new homes and resale units widened to a whopping 40 per cent, up from an already considerable 35 per cent in 2018, according to a Edmund Tie Research report released on Thursday.
TRENDING NOW
Oiltek, Marco Polo Marine, Nam Cheong, OKP – Singapore boutique fund bets big on SGX small caps
CDL, Hong Realty trump 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
SpaceX IPO raises US$75 billion in biggest debut of all time, firm valued at US$1.77 billion
