New private home sales hit over 2-year high in September: URA data

Source: https://www.straitstimes.com/business/property/new-private-homes-sales-hit-over-2-year-high-in-september-ura-data

Singapore’s Phase 2 saw an increased in private home purchases. Analysts speculate that it should be due to a “pent-up demand” that accumulated over the course of Circuit Breaker. 19 Nassim had sold multiple units despite the uncertainty from the pandemic. 19 Nassim saw a picked up demand and sales in Phase 2. As our economy and Covid-19 situation gets better, it is expected that 19 Nassim will be able to sell more units due to increased foreign investors into Singapore (see previous articles) and as Singaporean’s wealth accumulates.

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