The launch of Watergardens at Canberra, which reached a new high of $1,400 psf, has prompted DBS Group Research analysts Derek Tan, Rachel Tan, Dale Lai and Geraldine Wong to wonder if property prices will continue to rise in the near-term.

Watergardens, during its launch weekend on Aug 29, sold 60% of its 448 units.

The project is a 99-leasehold residential condominium priced at $1,400 - $1,500 psf.

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