Resale volume of private properties hit a two-year high with 1,509 units changing hands in October. This figure is higher than that of August of 1,311 units and also a spike of 21.6% as compared to September. The continuation of this brisk sales are contributed by properties in the mass market category as affordability is the key factor for majority of the home buyers to secure loan easily. With the recent presidency of Joe Biden in United States, this will also in turn boost the overall economy. Analyst also believe that such ascending trend will continue in the next 3-6 months as more new launches will take off end 2020 or early 2021. One Normanton Park will be the most anticipated mega launch in the west region with its massive landscape and variation in layout to cater to buyers of different requirements.

Source: The Straits Times

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