New private home sales in November surpass the number of October’s new home sales. Despite economy seems to have shrink but because of new project launches, it boost the figures of new home sales. This figure is expected to hit between 9,000-10,000 by end of 2020 which is on par as the figure as of 2019. With limited land supply in the next couple of years, we would see existing stocks by developers to clear steadily. Peak Residence will be the latest new freehold condo to launch in prime District 11 and within 1km radius to a few most sought after primary school. This will be the next most-anticipated project to launch beginning of 2021. It will consist of 5-storey high with a total of 90-units ranging from 1-4 bedroom and magnificent view from the highest ground.
Source: The Business Times
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