More resale properties are being transacted with overall volume hitting a all time high in August 2020 in comparison to 2019. As more sellers receive their sales proceeds, we will see more liquidity in the market and with dwindling supply of the new homes, we are expecting to see overall price adjustment according to law of supply and demand. The Florence Residences have hit 62% sales out of its total number of units and is also the top selling new home in district 19.
Source: The Straits Times
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