November new home sales continue to perform well despite of the covid-19 virus as buyers are confident that market is on its way to recovery in 2021. With such momentum on-going, it is very likely that the total number for new home sales will hit close to 10,000 units by end of 2020, as compared to 9,912 units last year. The driving force for such figures are primarily driven by limited supply but constant demand. For example, The Linq at Beauty World achieved a almost fully sold out result just in one day as it is a rare freehold mixed development with residential and commercial component right at MRT doorstep. Another example would be Clavon at Clementi, which almost fully sold out 1 and 2-bedroom also in a day during it’s official launch. The Woodleigh Residences continue to sell gradually as more units are taken in the north-eastern region and buyers see the value in investing in integrated development which prove to be resilient during weak economy.
Source: The Business Times
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