December saw a total of 1217-units of new home being transacted with 924-units sold in OCR, 233-units in RCR and 60-units in CCR. Key-driver for such result is low lending rates by banks, making it affordable for buyers and progressive payment milestone make it flexible for buyers to utilize their funds accordingly. The Woodleigh Residences have achieved 61% in sales with their 2-bedrooms units almost fully sold out. Many self-created millionaires over the last few property cycles or enbloc in the recent years have also caused active new home sales as many of them are assured that property investment in Singapore is still the long way to go given our stable economy and area plannning.
Source: The Business Times
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