Private properties’ transaction volume dipped for the month of May, similar to the figures as of 2009 financial crisis. However, we would expect to see an increase once buyers are given green light to view properties physically. This will likely resulted in more cash entering into the property market when sellers sold their house and need to re-invest into another property. The Florence Residences has achieved almost 50% sales soon during this circuit breaker period and developer will likely increase price after they hit the 50% mark.
Source: The Straits Times
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