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Singapore: Private home owners make profit from reselling their properties

Posted on 25 April 2013

Non-landed private property owners have earned a total of S$107 million in gross profit from reselling their properties after project completion since the first quarter of 2012.This is according to a research report by property agency OrangeTee.
The report noted that property owners who had invested in the prime residential sector reaped the highest return in dollar terms, with an average profit of S$410,000 per unit.Meanwhile, mass-market property owners in the Outside Central Region (OCR) had the highest average percentage capital gain of 41 per cent………………………………………..Full Article: Source


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