The continuous buying spree from buyers might result in December new home sales hitting another record high and this will cause property price to increase in 2021. The trend can be observed as the newly launched condo in Clementi, Clavon, achieved an overwhelming sales of 72% with its 1 and 2-bedroom fully sold out as there will not be any new launch condo in Clementi for the new few years. The overall new home sales figures will hit around 10,000 by end of December 2020. Peak Residence will launch early 2021 and developer would expect keen interest after the successful launch of Neu at Novena in late 2019. Peak Residence with its strong attributes like elevated ground, within 1km to reputable schools and proximity to amenities, shopping malls, easy access to public transportation, will receive excellent response from the public.
Source: The Business Times
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