New Residential Property Sales Surged 75% in May in the Charts

One-North Eden One-North Gateway

This graph from Propnex study proves that new home sales jumped 75% MoM into 486 units in May 2020, which observed the whole month influenced by the circuit breaker.

One-North Eden One-North Gateway sits just 3 mins walk from One-North MRT making commutes more comfortable. Buona Vista MRT station is also within the vicinity which presents excellent accessibility to the future residents of One-North Eden.

That is when compared with this 277 units transacted in the principal marketplace and 370 resale units purchased in April.

This decrease in resale section is reported to be a result of the inability to see possessions throughout the circuit breaker interval, as buyers typically prefer to analyze the unit in person prior to agreeing.

By comparison, it was noted that buyers of brand new houses became more comfortable using digital viewings and transacting on line from April to May, with superbly priced projects and very low interest rates probably urge them to make a buy.

The study notes post-circuit breaker and together with the slow re-opening of this market, the careful sentiment and tepid expansion would probably weigh on home purchasing prices and interest generally. On the other hand, the MoM rally in new home sales in May along with also the yield of buyers to pick up units in Stage 2 of those re-opening is an expected indication of underlying requirement, especially for strategically-priced units.

1 reply

Trackbacks & Pingbacks

Comments are closed.