New private home sales rebound in May despite virus curbs

There are a total of 577 units of new home sales during the circuit breaker period with The Florence Residences coming in 3rd position. As the supply of new homes in the North-Eastern region reduce over the next 1-2years, we will likely to prices of properties in the North-Eastern region increasing with strong demand. Parc Rampai being the only launch in 2021 in the North-Eastern region and only estimate 115-units, will likely see a strong take up rate if priced attractively.

Source: The Straits Times

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