Singapore’s economy has been put under pressure with overall GDP shrank but property market did well. Prices of private homes rise by 2.2% and new home sales sold a total of 9,982 units. Such figures surpass the ones in 2019 and pent-up demand are expected to continue as supply dwindle due to limited land parcel up for bidding and low lending rates contribute to constant demand. Industrial segment also saw a spike in demand for warehouses as the nation adopt a “stay-home” measure and many people shop for items via various online portals. With Hyll On Holland’s massive landscape and extensive facilities with close proximity to transport and, in prime locale of District 10, make it a suitable location for one buying for own stay.
Source: The Business Times
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