Property is one of the most unique asset classes, because of how each unit is so stubbornly independent. With other assets, one barrel of oil is the same as the next, and one dollar is the same as the next.
These transactions tend to be familial; such as parents selling to children, or siblings selling to each other. But imagine if the same thing happens in a boutique condo, where transactions are infrequent: it could severely impact the next sale.Again, this could be a case of family members selling to each other; but what makes these unusual is their relatively young age: they have 91 and 94 years on the lease respectively. In most cases of intergenerational transfer, the flats involved will be much older.
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