The overall sales volume for secondary residential market in Aug 2020 exceed the figures of 2019. The “pent-up” demand has significantly affect the overall property market. As more owners sold their house, there will be an influx of funds into the economy and some of them will either reinvest their funds or find replacement home, or buy other big ticket items. With that, we would expect to see more new launch units sold as there’s dwindling supply in land over the next few years. Pullman Residences will likely to be a blockbuster launch in 2021 since there is no supply of freehold land in the Core Central Region within the next few years.
Source: The Straits Times
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