New private home sales rebound in May despite virus curbs

The primary home sale segment picked up despite virus curbs in May. Many buyers, which majority comprises of Singaporeans, finalize their property purchases as they are worried the pent up demand will cause the price to increase later on since construction costs will increase and they understand that such costs will pass on to consumers. Dairy Farm Residences left 1 last unit of 4-bedroom type.

Source: The Straits Times

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