Sales of brand new condo continue to spike in the month of November as the market recover in anticipation of covid vaccine. As government cuts on supply of land in 2021, we would expect with the constant demand, developers will gradually clear their existing stocks. Such trend will continue on to 2021 and total number of units might hill 9,000-10,000 units by end 2020. As more launches roll out in the next couple of months, existing projects that have launched since 2018 will seem attractive with their lower psf as compared to projects that are launched later and mostly are leasehold tenure. Midwood with its exclusivity location and attractive PSF, will continue appeal to buyers.
Source: The Business Times
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