Midwood has sold more than 30 units since the showflat reopen since late 2020 . Although the resale transaction volume decrease in May but the overall property prices remained stable. Many buyers are waiting to view properties physically and such pent up demand would likely result in an increase in prices if demand exceed the supply. When sellers sold their house, we would expect cash proceeds to be recycled into the either the primary residential market or resale market.
Source: The Straits Times
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