New private home sales hit a more than 2-year high amid recession

New private home sales hit a more than 2-year high amid recession

Source: https://www.straitstimes.com/business/property/new-private-home-sales-hit-a-more-than-2-year-high-amid-recession

Singapore new private home sales has seen a 2 year high amid the global pandemic. Buyers are lured by new launches and attractively priced existing projects in the city fringe. Another reason why investors choose to enter during this period is that Singapore is a safe haven for their real estate largely due to its fundamentally strong economy and “no nonsense” government policy in managing the pandemic and maintaining a well balanced housing supply and demand to ensure competitiveness.
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Phoenix Residences condo is located in the popular district 23 under the Bukit Panjang URA Masterplan and short walk to Phoenix LRT station (BP5) which connects to Bukit Panjang LRT & MRT Station(BP6-DT1) with wide array of amenities surrounding the development.

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