Pent up demand drove monthly sales in June up by more than 100% to its highest ever in 2020. The strong surge in developer sales in June 2020 is not unexpected. This trend was observed in other countries as well. Many buyers were waiting on the sidelines waiting for the show galleries to be open to make their purchase. Some buyers see this relaxation of rules as a window of opportunity to buy their dream home in case measures are tightened again.
There could be up to 20 new launches (around 6,000 units) in 2H 2020 with Cairnhill 16 first to hit the road on 17th July, followed by Forett At Bukit Timah and Penrose. While the economy contracted by 12% in 2Q 2020, economists agreed that the worst is over and recovery is on the cards. The resilience in the market and property as an endearing asset class among investors will drive sales in the market. The market may see sales of between 8,000 and 8,500 units in 2020.
The Landmark is located at 173 Chin Swee Road in RCR District 3 is an En Bloc development, formerly known as Landmark Tower. The Landmark is a 99-year condo project ZACD Group and MCC.
Myra is a condo located at 11 Meyappa Chettiar Road in the RCR District 13 region. Myra is an En Bloc Freehold condo project developed by Selangor Dredging Berhad.
Forett @ Bukit Timah is a freehold condo project situated at 46 Toh Tuck Road in the RCR region of District 21. Forett @ Bukit Timah is an En Bloc condo project formerly known as Goodluck Garden developed by Qingjian Realty.
Ki Residences is a beautiful 999 year condo development (almost freehold) located in Sunset Way at the RCR region of District 21. Ki Residences is an En Bloc condo development formerly known as Brookvale Park condo, a 999-year almost freehold condo project developed by Hoi Hup and Sunway.
The Linq @ Beauty World is freehold integrated condo situated in 110-122 Bukit Timah Road at the RCR region of District 21. The Linq @ Beauty World is an En Bloc condo project formerly known as Goh & Goh Mansions developed by BBR Holdings.
Clavon is a beautiful 99 year leasehold condo project in Clementi Ave situated in the OCR region in District 15 developed by the reputable UOL Group and UIC.
Tedge is a beautiful freehold condo project located at 328-334 Changi Road in the OCR area of District 15. Tedge is an En Bloc condo project formerly a row of shophouses to be developed by Macly Capital.
The Ryse Residences is a beautiful fully integrated condo development with a shopping mall, supermarket, hawker centre, eateries, amenities, bus interchange and Pasir Ris MRT all conveniently situated below the residential development located in Pasir Ris Central at District 18. The Ryse Residences is a 99-year leasehold condo project developed by Allgreen and Kerry Properties.
Hyll on Holland located on 95 Holland Road in the CCR area of District 10 is an En Bloc condo development formerly known as Hollandia and The Estoril. Hyll on Holland is a freehold condo project developed by Far East Consortium Properties and Koh Brothers.
To understand why residential condo properties remain resilient even during COVID, you may read the news analysis article here.
77 @ East Coast is a freehold condo at 77 Upper East Coast Road in the OCR region in District 15. 77 @ East Coast is an En Bloc condo project formerly known as Lodge 77 developed by KDC (77) Development Pte Ltd.
Peak Residence is a freehold condo situated at 333 Thomson Road in the CCR region of District 11. Peak Residence is an En Bloc condo development formerly known as Peak Court to be developed by Tuan Sing Holdings and Rich Capital Holdings.
Cairnhill 16 is a beautiful freehold condo project at 16 Cairnhill Rise in the CCR region of District 9. Cairnhill 16 is an En Bloc condo project formerly known as Cairnhill Heights developed by Tiong Seng Holdings and Ocean Sky International.
Liv @ MB is a condo project sited at 114A Arthur Road in the RCR region in District 15. Liv @ MB is an En Bloc condo project formerly known as Katong Park Towers, a 99-year condo developed by Bukit Sembawang Estates.
Peak Residence located at 333 Thomson Road in CCR District 11 is an En Bloc development, formerly known as Peak Court. Peak Residence is a freehold condo project developed by Tuan Sing Holdings and Rich Capital Holdings.
One-North Gateway Residences is situated at One-North Gateway in the RCR District 5 region. One-North Gateway Residences is a 99-year leasehold project developed by TID Residential.
Real estate professional Kiwi Lim from Huttons Asia said "Choosing your dream home can be a headache, especially with the new challenges COVID brings". Find out how COVID may affect your decision making process when choosing your new home by reading this news article here.