Secondary private residential sales remains vibrant and active with more than 1,000 units sold every month since July. As more such owners received their sales proceeds upon their completion of their sales, they will have to either purchase a residential unit in the resale market or re-structure their properties’ portfolio by investing in new launch since bank lending rates is still relatively low. Fyve Derbyshire has fully sold out their 3+Guest unit type , and with limited 2-bedroom left. As more launches in the CCR taking place next year, we will see sales picking up for Fyve Derbyshire as future launches will be more expensive since land cost is higher and TOP date is much later. Given its freehold tenure and close proximity to MRT and good school, Fyve Derbyshire will continue to appeal to buyers who are tenure sensitive.
Source: The Straits Times
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