July new home sales up 8.2% at 1,080 units
But figure is lower yoy; pent-up demand, continued low rates, volatility in other asset classes cited for resilience
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DEVELOPERS' private home sales for August are likely to match the level of July thanks to the launch of Forett At Bukit Timah earlier this month, as well as ongoing sales in existing projects on the market.
"We see primary-market sales being driven by a continuation of the pent-up demand that was built up during the 'circuit breaker' partial lockdown," says PropNex CEO Ismail Gafoor.
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