RED Portal (14) - Transacted Prices

I visited a new launch. The prices that are now being marketed are 30% above the transacted prices shown in the RED portal for the same project.

Although the prices in the portal are shown with a transacted date in June, the actual transactions were done about 3 months earlier, when the sale option was signed. So, the prices have moved by 30% or more, within the past 6 months. I decided that the current prices are too high. I will wait for another opportunity.

I will try to look for another source to capture the latest transacted prices, based on the sales options, and put them into the RED portal.

Lesson: do your research before visiting a new project launch. Visit the RED portal: www.easysearch.sg (Real Estate Data)