Singapore condo resales sink further but prices hold steady

Singapore’s property prices remained resilient despite during of the uncertainties in the economy as a result of the covid-19 crisis. There are many buyers who are waiting for the lifting of restrictive measures to view properties freely and this caused pent up demand. Once the measures are lifted, we would likely to an increase in overall transaction and with more units sold, there will be more cash proceeds that will be recycled into the property market. Mayfair Modern sold several units during the circuit breaker period.

Source: The Straits Times

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