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New launches, affordability help property buck economic gloom

Developers' July housing sales best showing in 12 months, but things may not be hunky-dory

Kalpana Rashiwala

Published Thu, Aug 15, 2019 · 09:50 PM

Singapore

PROPERTY seems to be bucking the general gloom that has beset most sectors of Singapore's economy.

Based on government data released on Wednesday, developers' overall housing sales volume for July 2019 was the highest in 12 months. The rosy picture came amid new launches last month, particularly of Piermont Grand and One Pearl Bank, which were well-received.

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