More resale condos were transacted in Sept 2020 as compared to last year despite of hungry ghost festival which most believe is inauspicious to buy house but this year prove otherwise. As space is a concern for some buyers with big family, some resale condos become highly sought after. The highest transacted price was a condo at Le Nouvel for $16.2million! As more resale properties owners liquidate their assets, there will be more liquidity in the market. This will also give buyer a better position to buy in the new home segment since there is an announcement of new restrictions on re-issue of OTP by developers. Leedon Green sale is still moving gradually despite of all the cooling measures.
Source: The Straits Times
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