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The resale transactions in August surpassed that of in 2019. This is a result of the pent-up demand where supply is lower than demand, which indirectly caused the prices of property to inch up. Forett at Bukit Timah has achieved more than 30% in total sales since its launch on 08/08/2020 and units are still being transacted every week. With more liquidity in the market, we would expect more units in the new launches to be sold since there will be sellers who need to re-invest their funds or get a replacement home.

Source: The Straits Times

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