Confidence From Home Buyers Results In 13.1% Increase In New Home Sales

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For the third time this year, new private property was sold more than 1000 units in a month. The strong sales performance thanks to developer pricing strategies and confidence from both local and overseas buyers towards long term future in Singapore housing market.

URA statistic shows that September’s figure surpassed market expectation despite uncertainties financial market. Amid the optimistic sales figures, market watchers think that new cooling measure roll out by government is unlikely in short term as housing bubble is not evident at the moment. At the same time, it is normal for the large supply of housing to be digested by the demand over a period of time.

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