New completions to ramp up residential vacancy rates in Q1
4 years ago | sbr.com.sg
Submitted By:
Clarist Zablan
Case Study:
No
This could cause prices of nearby older homes to stagnate.
Newly completed private residential properties could likely contribute to rising vacancy rates in Q1, according to PropertyGuru’s Singapore Property Market Index.
The report noted that recently completed condos with a significant number of unsold balance units could cause prices of older homes in the vicinity to stagnate, especially when the condo resale market is facing keen competition from new launches.
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