The overall real estate market performance thrived well with private home prices rose by 2.2% and a total of 9,982 units of new homes were sold by developers. Forett at Bukit Timah remained as 1 of the top selling projects in 2020 with almost 56% take up rates. For industrial segment, there are also an increase in demand for warehouses as e-commerce businesses runs strong as more people are working from home and shopping via online portals. Pent-up demand will still be strong in 2021 as supply decreases, especially for brand new freehold condos near MRT and amenities.
Source: The Business Times
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