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

Sales volume for the overall residential property market went up in June for both new home and resale segments. Price correction coupled with attractive borrowing rates allowed buyers to commit to their property purchase. Numerous wealthy foreigners have also shifted their funds to Singapore and invest in our property market since the covid-19 have affected macroeconomic and with US rates weakening. The new home segment sales remain positive and we see more foreigners coming in to Singapore to shop for properties. The Atelier will be the only freehold new launch condo in Newton next year in 2021.

Source: The Straits Times

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