Close to 1,300 units of resale condos transacted in September and the figure is almost 70% higher than that of 2019! Many buyers believe that the worst impact of the pandemic in Singapore is almost hitting its bottom and economy on its way to recovery very soon. In addition, as there are more uncertainties is overseas opportunities, some SPRs and newly converted SG citizen also seize the opportunity and embark into home ownership journey. As more HDBs and executive condominium hitting its 5-years minimum occupation period, we would expect to continue to see strong sales in the resale segment till 2021. This would mean that new home sales will also move in tandem.
Source: The Straits Time
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