Singapore private home price continue to rise with Q1-2021 figures exceeding the figures in Q1-2020. The demand for spaces were extremely strong as the rising private condominium prices in the resale market makes landed properties seem more valuable. Many buyers switch their focus to the resale segment when they could not get their choice units in the new home segment. The overall volume in Q1-2021 were up by 6.4% from the last quarter. The speculation of cooling measures and continuous rising property prices increased the urgency of buyers to buy property for domestic use before prices continue to escalate. Leedon Green sales has been brisk with bigger bedroom type selling well each month. As supply shrink and with constant demand, it is understood that prices will continue to rise.
Source: The Business Times
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