Singapore resale segment bounced to all time high for the month of August as compared to 2019. The surge in demand coupled with low supply caused the property prices to inflate. As more owners receive their sales proceed, more funds will either to be reinvested in the new launch market or resale as some might need to find replacement homes. As the supply of new homes gradually decrease, prices will either remain firmed or for some projects, developer will adjust the price.
Source: The Straits Times
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