Park Island apartment prices hit a new high

I just checked out the latest prices for Park Island transactions. The graph from Centadata is here:

Park Island Property Price Graph

According to Centadata, which is the data published by Centerline Property, prices are up 5% so far this month. They list an average price of $5995 per square foot, which seems low to me, when you look at current asking prices which seem to be on average around 6500-6800 per square foot, and around 12000 per square foot for the top floor penthouses and luxury apartments on Park Island.

Also interesting to note is the transaction volume in the graph. The data reflects what agents have been saying, which is that this month has been quite active. With around 10 days to go before the month ends, it looks like monthly transactions for June apartment sales will have been quite healthy.

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