Prices of private homes hit its peak as compared to Q3 of 2018, slightly lower than the peak in Q3 2013. Singapore’s property prices remained resilience despite of job uncertainties caused by covid crisis. The surge in transactions is mainly driven by buyers who sold their HDBs and they upgrade to private properties or invest in new launch. As more prime location HDB hitting its 5-years’ MOP period, we will see more resale condominium to transact and new homes sales to move in tandem as well. Peak Residence is the most anticipated new launch in District 11 as it is near to Novena MRT and within 1-km to sought after school like ACS.
Source: The Business Times
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