Strong private home sales, prices point to stabilising property market

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New private home sales for Q3 2019 were the highest recorded in six years. This was due to an increase of 50 per cent of local and 77 per cent of foreign buyers looking for new launches here in Singapore. This could be due to Singapore’s property market being regarded as a safe haven amidst the uncertain global economy. Moreover, analyst point to a low risk of a property bubble forming as prices are increasing at a moderate rate, showing a stabilising property market since the 2018 cooling measures. Book an appointment to find out more about the developer pricing for Sengkang Grand Residences today.

Source: https://www.straitstimes.com/business/property/strong-sales-prices-point-to-stabilising-property-market

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