Staff Reporter
,
Singapore
But size of the units shrank significantly.
According to Maybank Kim Eng, between 2009 and 2012, the size of retail units transacted shrank significantly whereas prices on a psf basis nearly tripled in some areas such as Bedok.
"And while prices in Downtown Core and Geylang appear to have stabilised, they seem to be on a steady increase in Novena and Kallang. Looking ahead, as the population rises in the Outer Central Region (OCR), the demand for retail units will inevitably increase."
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