Many buyers are worried that property prices will increase once the gate to foreigner re-open and more cooling measures might be implemented and since low bank rates, many buyers see this covid-19 as an opportunity to invest in the property market. With that, many units in the prime CCR found buyers despite of not opening up of borders to foreigners. Peak Residence, being the latest freehold condo in Novena area and in prime District 11, will expect to draw huge interest from the public when it launch next year as we see a trend in buyer buying $1-$1.2m condo just for the address to enrol their kids into good school.
Source: The Business Times
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