Despite of the lull and gloomy economy caused by the covid-19 pandemic, Singapore’s new home sales hit almost 10,000 units, similar figures as compared to that of 2019 and higher than 2018. Key-driving factors which contribute to such sales figures primarily is due to low-borrowing rates and buyers’ optimism about market recovery after each crisis which have proven many times according to history. Peak Residence, which is developed by Tuan Sing, is one of the rare freehold launch in the CCR which will launch in 2021 and if priced attractively, will see good take up rate as it is located within 1km to reputable schools and accessible to wide range of eateries, malls, and easy access to transportation and the new North-South Corridor will ease the traffic congestion in Novena area.
Source: The Business Times
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