pemThe average transacted unit price is up 1% in Q1 and nearly 13% in Q2. /em/p pThe good class bungalow (GCB) market continued to improve halfway through the year with prices rising for two consecutive quarters and the total value of transactions has started to pick up.
GCB prices show signs of bottoming out: expertThe good class bungalow market continued to improve halfway through the year with prices rising for two consecutive quarters and the total value of transactions has started to pick up.
Prices also showed signs of bottoming according to the property agency. The average transacted unit price has been up for two straight quarters after inching up by 1% QoQ in the first quarter and nearly 13% QoQ in the second quarter until 8 June. Citing caveats lodge history, the top GCB deal so far this year was a bungalow in Ford Avenue that sold for $39.5m or $2,020 psf in March.
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