According to real estate firm OrangeTee & Tie, median price of city centre region (CCR) has increased by 10.5% in second quarter compared to the previous quarter. The reported average price is at $3014psf.
In contrast, resale transaction posted only a 1.3% increase in Q2. The notable rise of price in new sales is likely due to improved demand of luxury homes. Performers come from Boulevard 88 and 3 Cuscaden, which sold 37 units and 27 units respectively.
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