Transaction volume of strata offices plunged 65% in 2H13

Blame it on zero new launches.

According to a release by Knight Frank, total transaction volume of strata offices in 2H 2013 fell by 65 per cent compared to 1H 2013, with 184 transactions compared to 528 transactions. The new sale market was remarkably quiet with no new launches in the market except for the ongoing sales at SBF Centre, Paya Lebar Square, Oxley Square and Eon Shenton, which were launched previously. The general slowdown in market activity was mainly attributed to the TDSR ruling implemented since 29 June 2013.

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