December 2020 sales is also expected to spike with one prediction that sales could be 70 per cent more than November's 767 as December sales of new private homes may hit 1,300 units - including new launches Clavon and Ki Residences - plus another 500 from older projects.
With economic growth predicted for 2021, prices could go higher and is one reason people buy now," said Nicholas Mak, ERA Realty, head of research & consultancy. "Instead of winding down and preparing for the new year, developers are gearing up for more launches and some buyers are hunting for attractive deals," he said.
In fact, Singapore's new condo sales market is on its way to end the year with a total sale of 10,000 to 10,500 new private housing units for the whole of 2020. Total new condo sales in 2019 was 9,912.
Life seem to be returning to normal with larger crowds at malls, restaurants and supermarkets. GDP is expected to recover by 2021 with 5.5 per cent growth according to economists. Public confidence in the government's handling of the economy and Covid-19 situation is also high while looking forward to the government's Budget 2021 announcement in the coming February 2021.