Prices of private properties continue to rise in 2021 with Q1 results exceeded the figures achieved as compared to Q1-2020. Prices also rise by 3.3% as compared to Q4 2020 growth. There is a surge in foreign investment and domestic users by PRs or locals. The speculation of possible cooling measures as well as the escalation of properties’ prices increased the motivation for buyers to buy or invest into properties. Avenue South Residence remained as one of the most affordable seafront water view in the RCR and has almost achieved 70% of total sales since its launch in 2019. It has sold 687 units out of 1074 units. RCR saw the biggest increase in the properties’ prices (excluding landed properties)
Source: The Business Times
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