New private home sales post surprise rebound

Avenue South Residence is one of the top 10 selling projects in the month of June with 27-units transacted and hitting 47% sold mark. Main source of buyers are still local Singapore and first-time purchasers who took advantage of the attractive bank rates and developer’s discounts. Foreigners are also picking up properties in Singapore since there are uncertainties in macroeconomics and Singapore prove to have a stable government especially after our General Election 2020. The high-end segment saw 2 units in 15 Holland Hill transacted.

Source: The Straits Times

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