Prices of completed small condos fall by 1.2% month-on-month in Nov

According to the Singapore Residential Price Index, prices of completed small condo units and apartments that are no larger than 506 sq ft have fallen by 1.2% in November from October. In October, a 0.4% month-on-month fall in prices was seen in the same category. Year-to-date, prices of small units islandwide have fallen by 4.1%. Ong Kah Seng from R’ST Research said that owners of smaller flats may be more willing to let go of their flats at lower prices as the units may be too small for their families and the demand for such units may also be weak in the leasing market.

(Source: Business Times)

GCB transactions completed in 2015 totals $730 million

In 2015, at least 34 transactions totalling $730 million were completed in the Good Class Bungalow (GCB) area. This …