by OrangeTee & Tie Pte Ltd.

Widening price gap between new condos, older units in suburban areas unsustainable

Monthly Developers' Sales

Monthly Developers' Sales

Singapore, 15 Feb 2021

The price gap between new private condos in Singapore and older ones has widened to about 37% last year from 32.4% in 2019, reported The Straits Times (ST).

OrangeTee & Tie Research data showed that the difference in prices were starker in the suburban areas at 47.3% from 38.7% in 2019 or the widest gap since 1995, said Christine Sun, Senior Vice-president of Research and Analytics at OrangeTee & Tie.

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