by OrangeTee & Tie Pte Ltd.

Private home sales continue to boom for fourth straight month in August: URA data

URA Quarterly Data

URA Private Residential Data

SG, 15 Sep 2020

Despite the ongoing recession, private residential sales in August soared, reaching the highest level for the fourth consecutive month since last September.

Sales were doing better than in previous crises, noted Christine Sun, OrangeTee and Tie's head of research: “Investors have the tendency to move away from cash holdings and riskier investments towards property assets for wealth preservation. Moreover, record-low interest rates are stoking the property market’s recovery as mortgages are now increasingly affordable for both owner-occupiers and property investors” 

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