Resale prices for condominiums continued to rise in October following an increase in September after three months of dips. Experts attributed the increase in prices to the underlying strong demand and market optimism for new private homes, which have spilled over to the resale market. New launches in September and October such as Avenue South Residence, Meyer Mansion, Sengkang Grand Residences and Midtown Bay have attracted many buying interests. Resale prices for private homes may continue to rise along with new launches for the rest of the year.
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