The primary residential market sales picked up in the month of May despite of the virus curbs. Safe social distancing caused closure of sales galleries. A total of 577 new homes were transacted during the circuit breaker period. This could be buyers have viewed the showflat prior to circuit breaker and they finalize their purchase in view that the prices of the properties may increase after the crisis. At the same time, bank’s low interest rate also encourage buyers to commit to their property purchase. Units in Avenue South Residence are still selling during the circuit breaker.
Source: The Straits Times
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