New private home sales rebound in May despite virus curbs

Developer in Singapore sold a total of 577-units during the circuit breaker period due to safe social distancing. Even though no physical viewings of showflats are allowed, buyers adjusted by viewing showflat virtually and did their own research before committing to their purchase. Buyers who committed their purchase are worried that foreigners will cause an increase in demand which will affect the prices after the crisis. Moreover, the low bank rates make it even more attractive for them to enter into the property market now. Leedon Green being located in the fringe of matured Holland Village estate and Tanglin, will expect to see a pent up demand when physical viewings are granted.

Source: The Straits Times

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