Prices of resale condominium stay strong for the month of September and volume went up despite of chinese ghost festival. During this covid-19 crisis, more tenants and those buyers who have been sitting on the fences in anticipation for prices to drop took actions and committed to their purchase since many plans have been put on hold . Resale prices inched by by 0.1percent and also more sellers are more realistic with their asking price. With the recent restriction on longer re-issuance of OTPs, more buyers who need to sell their property to avoid paying hefty ABSD are more prudent when buying their properties. Forett at Bukit Timah are still selling well every month and developer has yet to release all the units for sale since there is limited freehold supply in the west area in the next few years.
Source: The Straits Times
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