Nearly 99% Of Sinkies Who Flip EC Condos First Time Make $300k Profit Average! Majula

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Nearly 99% Of Sinkies Who Flip EC Condos First Time Make $300k Profit Average! Majula

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19-10-2022, 12:30 PM

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Nearly 99% Of Sinkies Who Flip EC Condos First Time Make $300k Profit Average! Majula

An honorable member of the Coffee Shop Has Just Posted the Following:

EDGEPROP (SINGAPORE) - According to a market report by real estate agency OrangeTee & Tie (OTT), nearly 99% of first-time resale executive condominium (EC) units raked in an average gross profit of about $300,000 when they first changed hands on the secondary market.

This analysis is based on a sampling of 4,266 EC units and was calculated by matching URA new sale caveats between January 2007 and August 2022 with the resale caveats of the matching units. About...

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