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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

Singapore

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...