New private home sales hit a more than 2-year high amid recession

Source: https://www.straitstimes.com/business/property/new-private-home-sales-hit-a-more-than-2-year-high-amid-recession

Singapore new private home sales has seen a 2-year high amid the global pandemic. Buyers are lured by new launches and attractively priced existing projects in the city fringe. Another reason why investors choose entered during this period is that Singapore is a safe haven for their real estate largely due to its fundamentally strong economy and “no nonsense” government policy in managing the pandemic and maintaining a well balanced housing supply and demand to ensure competitiveness.
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