More than 1,500 units of resale condominiums transacted in the month of October and this figure is higher in comparison to August and September. Last month’s sales figures presented an increase of 21.6 per cent from the 1,241 units transacted in September. This figure is also 72.9% higher in comparison to October last year according to data from SRX. This sales figures were many contributed by the sales of mass-market home as buyers’ are mindful of the overall price tag so that they can secure loan and service their monthly mortgage comfortably. Such trend will likely to continue in the next couple of months. And as more resale owners profited from the sale of their property, some of them will re-invest into newer condo since there is progressive payment milestone which gives them the flexibility. With the upcoming Beauty World Integrated Transport Hub and future Cross-Island Line to run through Bukit Timah, Mayfair Modern will see an capital upsight in the near future.
Source: The Straits Time
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