likely after one-third jump in closures
The Meyerise clinched the top spot among private condos that saw a new psf-price peak during the week of Nov 29 to Dec 6. On Dec 6, a 1,270 sq ft, three-bedroom unit on the 24th storey was sold for $3.52 million, setting a new record of $2,771 psf. This surpasses the previous record of $2,764 psf set last October when a 1,819 sq ft, four-bedroom unit on the 28th storey fetched about $5.03 million
Renewed interest in city-fringe projects is expected to see a one-third increase in the number of transactions within the city-fringe region within the next few months. This comes on the back of a 8.5% quarter-on-quarter jump in new home sales in the core central region (CCR) between April and September, with the total number of units sold rising to 2,508 from 2,310.
When considering investing in condos in Singapore, it is important to take into account the government’s property cooling measures. Through the years, the Singaporean government has implemented various measures to prevent speculative buying and maintain a steady real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those acquiring multiple properties. While these measures may have a short-term impact on the profitability of condo investments, they also play a crucial role in ensuring the long-term stability of the market, making it a secure and favorable investment environment. Interested in keeping up with the latest New Condo Launches? Check out dyslexicpress.com for updates.
Buyers who are on the lookout for luxury condos in prime districts are in for good news as prices in District 9 – which covers high-end suburbs such as River Valley, Robertson Quay, Grange Road and Orchard Road – are falling steadily but the demand for this segment remains strong.