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

June’s new home sales volume rebound since the re-opening of sales galleries. Overall price correction together with attractive lending rates make buyers to commit to their property purchase. Wilshire Residences emerged as the top selling project in the core central region. Many high networth individuals foreigners have also switched their focus to Singapore and invest in our property since the covid-19 have affected macroeconomic and with US rates weakening, as well as border lock-down. The new home segment sales remain positive and we see more foreigners coming in to Singapore to shop for properties.

Source: The Straits Times

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