Private home price rose by 2.2% and a total of 9,982 units of new home sales transacted in 2020 despite Singapore’s GDP shrank as as result of covid-19 which puts a pressure across many sectors. Low lending rates contribute to the good home sales and pent-up demand will continue in 2021. Normanton Park has sold close to 37% since its launch late January 2021 and continue to sell every week. It is competitively priced as compared to condos near to the future Greater Southern Waterfront. With its close proximity to tech parks, the rental is almost guaranteed as the former Normanton Park has good rental take up rate with almost 150 rental contracts every year.
Source: The Business Times
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