Property-report.com, 15 Jul 2010
Prices of property in Singapore are continually on the rise, yet there are some which are still for sale below their original purchase price.
The Shin Min Daily newspaper reported that despite the recent boom in the property sector, some older condominiums – more than 10 years old in most cases – are priced about 20 per cent cheaper than newly built ones. Many of these were built and purchased around 1996 when property prices were at their height, and some are now on sale at below their 1996 price tags. Full Story