The secondary residential market overall sales in Aug 2020 exceed that of in 2019. This is the effect of the “pent-up” demand caused by the circuit breaker. As more resale properties are sold, there will be more funds floating in the market and some owners either will reinvest their funds or find replacement home. With that, we would expect to see more new launch units sold as there’s dwindling supply in land over the next few years. Kopar at Newton is one of the most affordable brand new property in the District 9 part of Singapore and in the CCR.
Source: The Straits Times
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