Private residential properties transaction increase in August and bulk of the contributions are from HDB upgraders. Sales are higher than that of June and July, and clearly showing the effect of pent-up demand! Mayfair Modern has hit 50% sales and with land cost increasing and limited land supply in Bukit Timah over the next few years, we will continue to see healthy sales given its prime locale within 1km to MGS and less than 5-minutes walk to King Albert Park MRT which is Downtown Line.
Source: The Straits Time
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