The private residential transaction volume dropped in the month of May with figures similar to that of financial crisis in 2009. This figure is expected to increase once keen purchasers are able to view the properties personally. And with more deals concluded, we would expect new home sales to pick up as more monies would have flooded the market when sellers sold their home. Forett at Bukit Timah being the next blockbuster freehold new launch in matured Bukit Timah is likely have excellent sales results since it is attractively priced from $8xxK onwards for its 1-Bedroom unit.
Source: The Straits Times
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