May new home sales rebound with more local buyers drawn to lower quantums
Lower absolute quantum of the properties are buyers’ consideration as it is easier to obtain bank loan to finance their purchase. Smaller units are snapped up quickly during the circuit breaker period even though buyers can only view sales gallery via zoom One Chuan Park will be the latest new condo to launch in the Western region in Singapore in 2021. Pent-up demand cause the property prices to increase as more buyers spend more time to research and think through their properties portfolio.
Source: The Business Times
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