Private homes in the OCR reap big percentage gains in Q1 resale market
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SOME buyers who snapped up non-landed private homes in the Outside Central Region (OCR) walked away with solid gains as they divested them in the first quarter of this year, in line with the 36 per cent jump in prices in the OCR over the last decade.
According to data crunched by real estate consultancy Cushman & Wakefield, the top 5 profit-making deals by percentage in the resale market in Q1 2022 were all located in the OCR, with one seller netting a handsome profit of nearly 80 per cent in just under six years.
Cushman & Wakefield studied caveats for non-landed private homes with a prior purchase history and which were transacted in Q1 2022, and then ranked them as the top 5 profit- and loss-making deals, both by percentage and by quantum. The analysis is based on caveats lodged over 10 years from 2012 to March 2022.
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