New Private Home Transaction Surged 13.1% From Previous Month

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URA data shows that developer sales saw 1270 units found new owners in September, 13.1% higher than those in the previous month. Notably, this is the third time this year that the monthly transaction exceed 1000 units.

At the same time, developers are still fighting for buyers with slew of supply jn the pipeline. Pricing strategy remains crucial in order to attain healthy sales figure. Meanwhile, a rise of local buyers were noticed as compared to August. However, opinions from analyst shows that it’s too early for government to come out with another round of cooling measure as there’s no visible sign that the market is overheating.

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