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New private home sales double in March as buyers snap up luxe condos

Published Fri, Apr 16, 2021 · 05:50 AM

Singapore

DEVELOPERS in Singapore sold 1,296 new private homes in March, double that of February's 645, with buyers snapping up luxury condos after a break during Chinese New Year.

Wealthy buyers are expected to continue to be in the focus as half of the new projects slated to launch this year are in the expensive core central region (CCR).

Singapore is the hot favourite among well-heeled investors and wealthy overseas buyers looking for trophy properties, said Christine Sun, OrangeTee & Tie, senior vice-president, research and analytics.

"Backed by the prospects of further price growth and a better leasing environment, foreign demand is…