The month of November is a good month for developer as buyers snapped up units in new launches amidst covid economy recovery. Full-year 2020 new sales volume is expected to reach 9,000-10,000 units, compared with 9,912 units last year as the momentum continues. Resale residential market also plays a part to the surge in new home sales as sellers who receive their sale proceed from positive investment will look out for new investment property to grow their wealth. The Florence Residences has sold almost 67% since its launch in Feb-2019 and with limited land parcel in District 19, will continue to sell well as it is close to 2 MRT stations and within 1km to sought after school, Holy Innocent and Xinmin Primary School.
Source: The Business Times
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