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June new condo sales more than double on pent-up demand, foreigner buying

Affordability also major driver behind 998 transactions in June; no consensus on final tally of prices and volume for 2020

Published Wed, Jul 15, 2020 · 09:50 PM
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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.

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