The total value of Good Class Bungalows sold in 1Q24 fell to $118.4m, 10.6% lower than the preceding quarter.Huttons said buyers were “unwilling to pay a high premium for a GCB," resulting in a quiet 1Q24.
The expert attributed buyers’ reluctance to |uncertain economic climate and high for longer interest rates.”Whilst the sales market was quiet in 1Q24, the rental market experienced increased interest. “Tenants were still cautious, preferring not to pay high rents for a GCB, seeking out deals that were below $30,000 per month,” Huttons reported.
“The top rental deal in the GCB rental market in 1Q24 was in Tanglin Hill, which fetched a monthly rent of $120,000,” it added....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
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