Overall performance for Singapore property market in 2020 surpass the results in 2019 despite of the pressure on the economy caused by covid-19. Private home price went up by 2.2% and close to 10,000 units of new home sales were sold by developers. The low lending rates continue to spur the buying spree as most buyers feel the need of home ownership during this covid and some owners took the opportunity to do an upgrade to their current property portfolio. 2021 will still see strong sales of new homes and projects as supply pipeline is low. Peak Residence is the latest freehold condo in Novena and is within 1-km to few reputable schools and ideal for families who are looking to enroll their children into these schools. As the North-South Corridor project embarks on construction, the traffic condition will be greatly improved when it is completed and will value-add to future residents of Peak Residence.
Source: The Business Times
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