Sales figures for new home sale continue to swing upward in November and with recent successful launch of Clavon, which sold close to 70% of its total units in a single weekend and other launch like Ki Residences which sold 135/660 units, prove that market is full of optimism despite of the weak employment rate in Singapore due to covid-19. If December new home sales figure also continue such positive momentum, we would see the total sales for the whole of 2020 to be on-par with 2019. With limited GLS, we also see a revival on en-bloc for smaller development as developers need to replenish their land bank and supply.

Source: The Business Times

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