As for the residential sector, mainly condominiums in the CBD area, sales in 2011 is projected to double that of 2010. As per mid-year 2011 sales of new condominiums has reached around 3,700 units, which is almost equal to the sales of full-year 2010. Rental rate has also grew 13% compared to last year, which is mainly due to the strengthening of the IDR to the USD.
In the secondary market, Century 21 Ambassador has seen significant increase in inquiry rate for both commercial and residential market in CBD. For the commercial sector, while growing at 13% in 2011 inquiry rate to buy/ sell has tripled that of lease, compared to just double in 2010. In the residential sector, inquiry to buy/ sell grew 102% compared to 2010, while growth of inquiry to lease is almost flat at 3%.
Both the primary and secondary markets in CBD have shown great potential and momentum for many years to come. The time to invest is now. Century 21 Ambassador is here and ready to assist you.