ANALYSTS have flagged a possible lift in foreign demand in Singapore properties as Vaccinated Travel Lanes (VTL) open up.
This comes as the year-to-date tally has already beat total sales in 2020.
While September recorded the second consecutive monthly dip in new private home sales, it was also a month when developers held back on major launches.
Excluding executive condominiums (ECs), September saw 210 new private homes enter the market. This is the second lowest monthly launch for the year 2021 after February’s 167 units, noted Mark Yip, chief executive officer of Huttons Asia.
Following this, developers sold 834 homes in September, down 31.4 per cent from August’s 1,216 units, data from the Urban Redevelopment Authority (URA) showed on Friday (Oct 15).
In comparison, 645 units were moved in February.
source: The Business Times
