Singapore
DEVELOPERS in Singapore sold 998 new private homes in June, 105 per cent more than May's 486, on pent-up demand and an increase in foreign buying as show galleries reopened.
Despite the surge, buyers are choosing to remain prudent, with affordable homes making up over 90 per cent of units sold.
The transactions in June were the highest sales for the month in seven years, while the number of foreign buyers rose to the highest in 10 months, according to Christine Sun, OrangeTee & Tie's head of research and consultancy.
The previous June high was in 2013 with 1,806 units.
The 105 per cent jump in June from May was also higher than the 75.5 per cent month-on-month (m-o-m) increase seen in May,...