Resale condos transaction volume hits 2-year high with 1,500 over units transacted and analyst suggesting that market recovery is only just the beginning as border opening up to foreigners. Bulk of the sales were contributed by the mass market segment which takes up 58% of the total sales. Last month’s sales figure represented a 21.6 per cent increase from the 1,241 units resold in September. We will be very likely to see such spiral effect for the next few months as we approach the December school holidays and most people do not have travel plans. In addition, the recent advances by pharmaceutical companies in the development of Covid-19 vaccines will also spice up property investment sentiments from the spill-over effect of the overall investment market. Peak Residence with its freehold tenure, great accessibility to amenities and public transport, proximity to reputable schools in the vicinity will attract positive response when it launches.
Source: The Straits Times
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