By now, property prices and transactions have been rising non-stop (barring Covid-19 measures) since January. As there’s been a general uptick in almost every market segment, it’s tempting to think that an owner-investor can “do no wrong” right now – that every new launch will see higher prices at the end of the phase, and that every resale condo is going to become a windfall. In reality, the pick-up has not been even across every sector; and 2021 is shaping up to be a golden year for the Outside of Central Region (OCR) specifically:
What’s happening in the OCR?
As of 2021, resale condo volumes are estimated to rise a further 22.5 per cent from the month prior. This makes for roughly 1,817 resale condo transactions, an increase of over 62 per cent from the same time last year (and an 83 per cent over the five-year average for July)....