Prices for private property beat the estimate growth at 2.7%, mainly driven by new launches. Overall transactions are down by 13.5% with main contribution from the resale market while new launch sales up by 12.7%. The buyers’ confidence in new projects grew as there were many new launches for buyers to choose from and also in areas where there are few land parcels for new launches.
In Bugis area, The M is a government land sales project headed by prestigious developer Wing Tai. It is expected to be a sellout project as it is situated in the midst of Beach Road Rejuvenation.
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