Singapore new home sales rebound, hit 7-year high for month of June: URA data

Sales for the new home segment gained its momentum and soar high in June 2020 as compared to 7-years ago despite of various government instrumented cooling measures. Bulk of the purchasers are first-time home buyers and they seize the opportunity of discounts offered by developers and low-bank rates to finalize their purchase during this period. One Chuan Park is likely to launch later part of the 2021 and with potentiallly up to 1,800 units, we would see a very strong take up rate and the site offers a good panoramic view of the city and sea.

Source: The Straits Times

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