More than a thousand units of resale condominium transacted in September, showing the strong and robust property market in the secondary segment. As more owners sold their house for various reasons like downsizing or to restructure their portfolio, we will see a chain-effect of selling and buying, buying and selling. As more equity flow back to the market, we would see new home sales or resale properties price inching up since there is limited supply but constant demand. Avenue South Residence continue to drive good sale every month despite there are a few project launching within the district such as The Landmark.
Source: The Straits Times
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