Mr Ismail added that the private new home sales segment continues to be “in strong demand” despite the impact of COVID-19 on Singapore’s economy. “This is mainly due to attractive pricing adopted by developers,” he said.Ms Sun also agreed that sales had performed better than expected given the COVID-19 outbreak and “seasonal lull” during the Chinese New Year period.
“The surge in sales may be attributed to more investors diversifying their portfolios to property investments after the recent stock market rout,” Ms Sun added. Ms Sun also noted that the number of Singaporean purchases grew strongly last month with 812 non-landed homes excluding executive condominiums bought by Singaporeans.Source: CNA/ad
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