Singapore new home sales rebound, hit 7-year high for month of June: URA data

Singapore’s new home sales saw a strong rebound and hit a all-time high in 7-years despite of the pandemic. Most of the purchasers were buyers making their first purchase and part of the total sales were contributed by foreigners who took the chance to invest in Singapore’s properties due to uncertainties in the world economy caused by the covid-19 virus. The luxury segment increased in sales volume by 92.7-percent from May. The city fringe region has an increase of 127.5 percent in sales! Hyll On Holland has a gradual take-up rate since there are many project in the prime districts.  We would expect to see better figures once the virus is cleared.

Source: The Straits Times

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