Private housing prices continue to soar in 3rd quarter of 2020 despite declining rental transaction. Sales have been very robust and encouraging partly also because it is supported from the protest saga in Hong Kong last year and funds have been flowing into Singapore for various investment purposes. Unsold units continue to shrink as compared to 2019, partly also there is limited private land or housing sales. As more launches will launch at higher price, Forett at Bukit Timah being nestled in private residential enclave and with plentiful of amenities, it will continue to sell well with the support of robust sales of resale condominium and landed properties’ and more equities will influx the market.
Source: The Business Times
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