Resale prices for HDB inched 0.2% despite Covid-19 crisis. With more HDBs hitting 5-years’ MOP and able to sell in the open market, we would expect to see more upgraders since the bank rates is still on a relatively low. The Florence Residences have sold more than 100-units over Q2 2020 despite no viewings allowed during the circuit breaker period which starts on early April 2020. It has achieved more than 50% sales since its initial launch in 2018. With limited supply of new land in the District 19 in 2020, sales in The Florence Residences likely will continue to do well.

Source: The Straits Times

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