The survey revealed that about one third or 31% of the respondents encountered difficulties with their housing loan payments, with 9% indicating that they need to downgrade or sell.

ERA Realty’s estimated market share in the new homes segment climbed to 29.7% in the third quarter of 2020 from 29.5% over the same period last year.

115 out of its 120 residential units were sold, with an average selling price of $2,150 per sq ft (psf) to $2,200 psf.

The appointment-only viewing, in light of safe management measures, garnered more than favourable response at its first preview weekend as all appointment slots were fully taken up.

Of the 37 families living there, 30 have already found alternative housing, while the remaining seven are “considering renting another property in the interim”, noted the SLA.

The clampdown on the re-issue of options to purchase (OTP) by developers, as well as the lack of new launches could be reasons for the decline in new home sales, observed analysts.

The extension from 31 December to 31 March 2021 seeks to help residential, industrial and commercial property buyers affected by the pandemic.

Experts observe that the flats in Sembawang, Tampines and Tengah are expected to attract “fairly healthy applications”, though they would not be as hotly contested as those in Bishan and Toa Payoh (Bidadari).

The 396-unit District 3 project sits atop Pearl's Hill, promising a panoramic view of Singapore's Downtown.

ERA APAC Centre's Transformation Ceremony on 11 November, attended by Minister Demond Lee, unveiled digital initiatives aimed at making property transactions efficient and seamless.