Posts

Showing posts with the label park island parice chart

Park Island Price Graph

Image
Below is a graph showing prices and transaction volumes over the last year which a reader sent me yesterday.


I am not sure what the Chinese characters say, but basically the horizontal axis is volume per month, and the vertical axis is the price per square foot.

Transaction volumes still look pretty low (lets see how many they have by end of the month), but what is clear is that those who are buying are paying increasingly higher prices. This makes me wonder whether the Government's "cooling measures" have actually been both unfair and counterproductive, as they make sellers less willing to sell, yet genuine buyers are needing to fork out more.
What do you think?