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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

Published Thu, Mar 19, 2020 · 09:50 PM
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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 Research report released on Thursday.

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Edmund Tie

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