The strata office market is facing scarcity of new units, with Solitaire on Cecil selling out completely, according to a report by Knight Frank. This has sparked a surge in demand for such properties, indicating a positive shift in the market.
According to global property consultancy firm Knight Frank, the auction market is expected to gain momentum in the second half of 2023. As the economy recovers and uncertainties ease, experts anticipate an increase in property sales through auctions. This positive outlook is driven by renewed buyer confidence and a desire for property ownership. The anticipated uptick in the auction market is seen as a promising sign for the real estate industry.
