New Home Sales Up 29.5% M-O-M In May 2019: URA

News - New Homes Sales Up May 2019 - 1
News - New Homes Sales Up May 2019 - 2
News - New Homes Sales Up May 2019 - 3
News - New Homes Sales Up May 2019 - 4

Source: https://www.edgeprop.sg/property-news/new-home-sales-295-m-o-m-may-ura

The property market is demonstrating signs of strength amidst the weakness in the macroeconomy. This strength is due to a strong demand for new condominium projects and the fact that many enbloc-cers are starting to receive their payouts from the developers. Almost $10-12 billion are expected to be paid to the enbloc-cers in the 2nd half of 2019.

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