- Prices for new condominiums have been soaring in recent months, with the increase over the past decade outstripping wage growth
- Yet newly-launched units are seeing “robust” demand from buyers, with some developments selling over half of the available units over a weekend
- What is striking is that this is happening amid economic uncertainties and the latest round of property cooling measures by the Government
- Real estate experts told TODAY that confidence in Singapore’s market and a fear of being outpriced in the future are driving some to buy condominiums
- However they warned that buyers need to know that property purchases come with risks, and also gave some suggestions on how to cool the market
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