GCB deals and prices expected to rise in 2024 on pent-up demand, motivated sellers

Market starts to stir in December after quietening in the aftermath of the anti-money laundering raids on individuals of Fujian origin

Published Thu, Dec 21, 2023 · 05:00 AM

AFTER a relatively quiet year, the volume of transactions for Good Class Bungalow (GCB) Areas is expected to pick up in 2024.

This is likely to be fuelled by pent-up demand and more realistic price expectations from the segment of owners who are motivated to sell.

Expectations of lower borrowing costs are also likely to help improve the buying mood, said observers.

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