Singapore home-buying spree to continue well into 2018, says PropNex Realty

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SINGAPORE (Aug 15): PropNex Realty, a subsidiary of PropNex Limited, is anticipating the total volume of new homes transactions to hit 8,500-9,000 for 2018.

This comes after private new home transactions, excluding executive condominiums (ECs), hit 1,724 for the month of July this year. The latest figure represents a significant 163% increase from 654 units sold in June 2018, as buyers rushed to beat the latest property cooling measures announced by Singapore’s government in early July.

URA data as at 27 July has shown that the first two quarters alone have witnessed 3,947 of new private homes transactions... (Click here to read the full story)