Private resale property market indicates a sign of recovery as the total number of transactions achieved 2-years’ high in August. Bulk of the transactions are contributed by HDB upgraders in the Outside Central Region (OCR) which is close to 60%. In addition, as more HDBs in the prime central area such as Telok Blangah, Dawson, Bukit Timah, reaching their 5-years’ minimum occupation period (MOP), we will see more HDBs crossing high 6-figures’ mark and these owners will either invest in new home for investment, get a resale condominium or both. Avenue South Residence has sold close to 55% since their initial launch and is the most affordable seaview new condominium among other new launches.
Source: The Straits Times
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