New private home sales rebound in May despite virus curbs

New home sales volume surpasses that of resale residential transaction in May despite curbs from government. Buyers are not able to visit sales galleries but to virtually tour the showflat. Buyers who committed to their property purchase are confident that Singapore’s properties price will increase after the crisis since there is low supply of land released for sales by the government. With strong demand and limited supply in some areas, prices will continue to inch up.

Source: The Straits Times

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