Amid the overall soft property market conditions, savvy private home buyers looking for attractive deals zoomed in on CCR last year. Government data released on Thurs showed the region was 2016’s out performer in terms of percentage increase in transaction volumes, which in turn provided some ballast for prices in the region. The total number of private homes sold in CCR through both primary and secondary markets surged 48.7 per cent to 2,764 units in 2016 over the preceding year, shows JLL’s analysis of URA’s latest data. The sparkling increase in CCR sales volumes was accompanied by greater price resilience in the region. Industry observers noted that it was the CCR which led price declines during the earlier stages of the current downcycle and that prices are now deemed attractive, especially vis-a-vis other major cities. JLL national director Ong Teck Hui noted that there has been heightened interest in the prime market with both local and foreign investors trying to suss out attractive deals.... Continue Reading