Singapore-based real estate consultant Edmund Tie is reporting this week that in 2018, the price gap between new and resale private homes stood at a considerable 35%. New homes in the CCR averaged out at $2,756 per sq. ft, while their resale counterparts commanded a substantially lower $2,048 per sq. ft. In 2019, the gap widened to 40%: new homes in the CCR averaged $2,953 per sq. ft, while resale units remained relatively flat at $2,105.