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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

Fri, Mar 20, 2020 - 5:50 AM

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...

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