Newton: 22yr old condo breaks its own record

Latest two bedrm caveats lodged in the Gilstead Vicinity. Of particular interest is the caveat lodged for The Hermitage (TOP 1999) done at $1956psf. This is the highest ever lodged price psf since 1999.

This upward traction in prices continue to be played out in many parts, Bukit Timah, Holland. This is despite GDP contracting 5.8% in 2020. Overall, prices appreciated 2.2% in year 2020. In 1st quarter 2021 alone, URA price index have gone up 2.9%.