A report by property advisors, DTZ has stated that the 3rd Quarter of 2014 saw 2,722 private home transactions such as Botanique at Bartley, as well as 22%, or 606 units, being purchased at prices that ranged over the $2 million mark. Compared to the past 6 years, this figure is the record highest in proportions.
For the entirety of 2012 and 2013 the median purchase proportion that was transacted was 16% in 2012, and 18% in 2013.

Private Property Transactions Falling

According to DTZ’s report on transacted private residential units’ price ranges, this quarter’s proportion increase is down to a higher figure of secondary market sales. In 2014’s 3rd Quarter there were 238 transactions of non-landed units in the secondary market for over $2 million in comparison to the primary market which saw 166 transactions taking place that were over $2 million per transaction.

The lack of sales in …