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Chart of the Day: The sweet spot in the prices for residential units
Units in the price range of $1,000 to $1,499 psf are the most attractive.
This chart from Colliers shows that 59% of developer sales were done at a median price point between $1,000 to $1,499.
Meanwhile, 35% of the sales were at the $1,500 to $1,999 psf.
"We believe that the sweet spot for investors or first-time buyers remains at a price of $800,000 to $1.5m per unit," Colliers said.
The number of units that crossed $2,500 psf has decreased to six in June from 11 in May due mainly to the decline in sales at prime Carnhill Nine which is now 96% sold.
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