Singapore new home sales rebound, hit 7-year high for month of June: URA data

New home sales regain its momentum to all time high in June 2020 as compared to 7-years ago despite of curbs and covid-19. Majority of the purchasers are first-time home buyers and they took advantage of developer’s discounts and low-bank rates to make their purchase during this period. Clavon condo is likely to launch later part of the year and with only 640 units, we would see a very strong take up rate once they launch since it is the only launch in district 05 this year.

Source: The Straits Times

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