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Why do people still opt for pricier new condos over resale in 2023: 4 case studies that show PSF isn t everything

In 2018, there was a research report by DBS that forecasted new private homes to cost between $2,300 to $2,900 psf on average by 2030. This sounded incredibly bullish back then, especially when the average new private home cost about $1,500 psf in 2018. But look where we are today. It's 2023, and the average price of a new launch.

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