New launch or resale property: 4 considerations to think abo

New launch or resale property: 4 considerations to think about in 2021


A snapshot of resale condo prices
 
Resale condo prices were more resilient than their new launch counterparts. Prices averaged $1,337 psf in end-May, despite falling sales volumes. The average was also pulled up by The Marq on Paterson Hill, where a penthouse unit was sold for $13.3 million, or about $4,305 psf.
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Resale volumes have dropped to 1,317 units, down from 1,643 units the month before. The reason is similar to the drop in new launch counterparts – realtors are facing the challenge of having only two persons (including the agent) at home viewings.
Some realtors have expressed that the situation is worse for resale than for new launch condos. One of them explained that:

Related Keywords

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