New Home Sales Surprise In August
Singapore Home Prices On The Rise Again?
Developers sold a total of 1,122 new private homes in the traditionally quiet month of August for the property market. This strong sale is also against the backdrop of a weaker macro-economic environment.
Many home buyers have been waiting on the sideline in anticipation for the many new launches this year. The recent new projects launched probably did not meet consumer’s price expectations thus many older projects saw a jump in their sales also. For example, many buyers were eagerly awaiting the launch of the EC in Punggol and when the launch price of $1,050 was announced, many units at Treasure At Tampines were snapped up that same weekend.
16 September 2019
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