New private home sales bounce back in September with 51% rise to 932 units: URA data

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Demand from private homes is still going strong despite the new cooling measures of decreased Loan-To-Value and increased Additional Buyer Stamp Duty. Recent Jadescape new launch condominium (former Shunfu Ville) has seen an overwhelming response during its phase one launch selling 327 units, accompanied with other new launches. Experts commented that there were no significant price discounts given by developers as developers have to hit a certain margin to make a profit. This gives Singapore property a positive outlook for the rest of 2018.

Source: https://www.straitstimes.com/business/property/new-private-home-sales-bounce-back-in-september-with-51-rise-to-932-units-ura-data

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