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When new condo units are pricier than older ones by over 70 per cent
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Market watchers noted that many people are willing to shell out a lot more for new homes because of the fear of missing out.
PHOTO: ST FILE
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New condominiums have become much pricier than similarly sized resale units in the same area, so buyers need to ask themselves whether the market is just too hot to handle.
New condos have always commanded higher prices than nearby resale ones, but the gap has become so wide of late that potential buyers face a dilemma: Get in quickly before values rise even higher, or hold fire?
