About Private Home Resale Prices Increases | Private homes’ resale prices continue to increase in Q2 2022 resulting in over 98 percent of AMO Residence sold on the first launch. Similarly, Urban Redevelopment Authority (URA) in their data recorded a faster pace of 3.5% in the second quarter of this year, unlike what was witnessed in the previous quarter.
Non-Landed homes witnessed an increase in the price of 3.6% in the second quarter of 2022 whereas the landed homes registered a 2.9 price increase in their homes.
On top of that, Christine Sun, Senior Vice President of Research and Analytics at Orange Tee & Tie noted that the private residential market witnessed a rebound as several developers came up with launches enabling more buyers to stream back to the market. She added that the buying sentiments got momentum following the lifting away of the COVID-19 measures.
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Additionally, prices of resale of HDB flats also continue to increase, making a 2.9 percent increase in Q2 2022 compared to the two-point four percent hike recorded in the previous quarter. On the flip side, the AMO residence, which is a joint development between Singapore Land Group, Kheng Leong Company, and UOL Group sold over 98 percent of its units on the first day on 23 July 2022, as recorded in the Business Times.
Similarly, the AMO Residence is situated in an amazing estate full of amenities within its surroundings, as well as close to the Mayflower MRT station and reputable schools. As opposed to the last view that the price for an ageing 99-years leasehold condominium will go down, a recent study shows that the prices for such condos continue to go upward over the last 13 years, as reported by The Business Times.