New private home sales hit over 2-year high in September: URA data

Source: https://www.straitstimes.com/business/property/new-private-homes-sales-hit-over-2-year-high-in-september-ura-data

Singapore’s Phase 2 saw an increased in private home purchases. Analysts speculate that it should be due to a “pent-up demand” that accumulated over the course of Circuit Breaker. JadeScape had sold multiple units despite the uncertainty from the pandemic. JadeScape saw a picked up demand and sales in Phase 2. As our economy and Covid-19 situation gets better, it is expected that JadeScape will be able to sell more units due to increased foreign investors into Singapore (see previous articles) and as Singaporean’s wealth accumulates.

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