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Chart of the Day: CBD new launch home prices soared 290% since 2013
Resale prices also rose 450% to $2,000 psf from $350 psf back in 2003.
This chart from Huttons Asia shows that prices of new launches and resale homes in the Central Business District have been on a growth trajectory for more than 10 years. According to the firm, prices of new launches skyrocketed 290% to more than $2,700 psf YTD in September from $700 psf back in 2003.
In the resale market, prices soared more than 450% to almost $2,000 psf in Semptember from $350 psf back in 2003.
"The explosive growth in prices in the CBD outpaced the 82% change in URA property price index over the same period," Huttons noted.
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