July’s new home sales inched by 8.2-percent despite uncertainties in the economy due to the covid pandemic. Due to the lack of land supply in the next few years, most buyers took the chance to invest in the brand new launch as the lending rates are still low. Mayfair Modern sold 10-units after reopening of phase 1 as buyers are allowed to view showflat physically with prior appointment. The strong sales in the primary market is an obvious indication of the pent-up demand.
Source: The Business Time
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