SINGAPORE - Resales of private non-landed homes rose 17 per cent in March over the previous month while prices barely moved, according to flash data from real estate portal SRX Property on Tuesday (April 14).. Read more at straitstimes.com.
SINGAPORE - Resales of private non-landed homes in Singapore rose 17 per cent in March over the previous month while prices barely moved, according to flash data from real estate portal SRX Property on Tuesday .
Giving possible reasons for March's higher sales, Orange Tee & Tie's head of research and consultancy Christine Sun some deals could have been closed before the month or were near completion before the escalation of the Covid-19 crisis in late March. Additionally, buyers who were in urgent need of a home could have rushed to seal a deal before stricter safe distancing measures kicked in.
He said:"Even after the lifting of the"circuit breaker" period, economic uncertainties could still keep a lid on property prices and transaction volume. This could also lead to a gradual accumulation of pent-up demand that could spill into the real estate market once the pandemic is contained."
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