Developers collectively moved 1217 units of new home in December 2020, almost 60% higher than November. Such figures add on to other months’ figures and total sales for new home might be the same as compared to 2019, and higher than 2018. Existing new projects launched in 2018 or 2019 have achieved more than 65% sales as more buyers are looking at development that will TOP no later than 2023 as some of them sold their newly MOP HDBs and might be renting while waiting for their new home to TOP. Main driving force for such results in 2020 despite of the pandemic is due to low bank rates which encourage buyers to invest in new launch as the progressive payment milestone allows them to have better cash flow as compared to the resale private properties. The Atelier, which is located right next to Newton Food Centre and minutes’ walk to Newton MRT, is an highly anticipated launch in 2021 due to its’ locality and freehold tenure.
Source: The Business Times
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