Prices of resale condominium inched up slightly, remained firm, with transaction volume hitting close to 1,300 units despite of hungry ghost festival where most buyers will see as inauspicious or bad omen to buy property. As more private owners receive their cash proceeds when the sales complete, there will be more equity in the market. Some of these equity will either be diverted to new home sales or resale properties as some owners will either get replacement home or re-invest their monies in new launch. Peak Residence is the latest brand new luxurious freehold condo comprising from 1-4bedroom in Novena area and will draw interests from buyers buying for own stay with its close proximity to amenities and good schools
Source: The Straits Times
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