Singapore, 10 Sep 2020 Despite worsening economic conditions and rising unemployment, new home sales in Singapore reached an 11-month high with 1,227 units sold in August.
Christine Sun, head of research and consultancy at OrangeTee & Tie, said that properties in Singapore generally have a good track record of yielding attractive capital appreciation over the past 30 years, especially for new projects that are well-located, possess good product attributes and built by renown developers.
She added that the low-interest rates have also provided some support for the property market as the borrowing cost or mortgages are now more affordable for new borrowers.