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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

BP_Piermont Grand_160819_5.jpg
Piermont Grand is an executive condominium (EC) project in Punggol. ECs are a public-private hybrid housing form that has experienced a dearth of new launches in recent years.


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...

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