Property-report.com, 4 May 2009, Khalil Adis
The number of Good Class Bungalow (GCB) transactions in Singapore plunged 51.3 percent during the financial year in 2008 but the average transation price rose 21 percent year-on-year, according to Jones Lang LaSalle.
Only 48 transactions were recorded in 2008 compared to the 117 transactions in the same period last year.
Similarly, 2008´s transaction volume was low recording close to 56 percent of 2007´s volume at S$861 million.
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