As shown by the latest statistics from URA, the volume of transactions for private property in July has reached the boom 2007 levels at 2767 units sold.
A quick look and comparison on some prices between June and July:
Property : June ($psf) : July ($psf)
Martin Place Residences : 1530+ : 1740+
Vista Residences : 1040+ : 1150+
Concourse Skyline : 1320+ : 1430+
Dakota Residences : 870+ : 890+
Clover By The Park : 720+ : 740+
Double Bay Residences : 670+ : 680+
Caspian : 640+ : 620+
Recent launches have seen prices which are about 20% to 80% more than nearby projects which have already TOP. Speculation activities have also appeared to be rising fast with units out for sales within days of purchase from developers.
In addition, bullish moments of price increases appeared recently amidst the overall bearish or recovery mode economy. Do we have a W shaped recovery? or these small bullish movements are volatily seen at the bottom of a U shaped prolonged recovery.
