Lesser private home sales were transacted in the month of June due to no new project launch. “Healthy sales take-up rate” is expected for new product launches in areas that lack supply of private homes, which may boost total sales in coming months.
In July, we foresee an increase of private home sales from AMO Residence, the first non-landed project launch in Ang Mo Kio after 8 years of no new launch in the area.
Looking at the remaining 6 months of the year, the sheer weight of demand is outpacing the backlog of supply as Singapore normalizes from the pandemic years.
Source: Business Times
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