Take up rate of private property by Singaporean hit a new high in first quarter this year for the past ten years while the citizen snapping up 63% more luxury home compared to the same period in 2018.
Head of Research of OrangeTee, Christine Sun, noted this signifies confidence of investors in Singapore as a safe haven for capital value retention, appreciation and accompanied by rental yield.
Innovative features offered by developer such as smart home features and greater lifestyle facilities has also draw attention of the potential home seekers. New condo situated at convenient location and price reasonably are still the ideal factors highly sought after by first time buyers and upgraders.
URA data shows 16% year-on-year increase in sales where 1838 units of new homes has found their owner.
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