With many buyers flocking back to the market following the end of the circuit breaker, resale volume surged 127.3% to 7,787 units in Q3 2020 from 3,426 units in Q2 2020.

Transaction volume for private homes spiked 164.5% to 7,047 units in Q3 2020 from 2,664 units in Q2 2020, with resale homes accounting for a larger proportion of the total sales.

Knight Frank conducted its first physical auction since the circuit breaker, with its prized transaction a property at 14 Lorong Kismis for $1.32 million, or 22% above its opening price of $1.1 million

The disbursement of Central Provident Fund (CPF) housing grants, decrease in the sales of flats, and the expected loss for flats that are currently under development have been attributed for the figures.

Christine Sun, Head of Research and Consultancy at OrangeTee and Tie noted that people were more acutely aware of the need to acquire larger unit “to set up a dedicated workspace or small office at home”.

Located at Upper Bukit Timah Road, the 20-storey, mixed-development project will feature 120 residential units and 53 commercial units.

In this partnership, ERA agents will be provided with Matterport's “digital twins” of properties which give prospective house buyers access to comprehensive, virtual, round-the-clock property viewings.

The 36,446 sq ft freehold property in District 21 features five bedrooms, a swimming pool and a basement, and is priced at $45.5 million or around $1,248 per sq ft (psf).

The Covid-19 outbreak has had a huge impact on our economy, and some of us have been hit worse. In late-March, the government first announced mortgage relief measures to allow homeowners to defer their home loan repayments in part or in full until the end of the year. In October and November, the government decided...

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