Daily News - Private home sales fall 32.4%

这个daily news 的核心是now is good time to buy propertyhttps://www.propertyguru.com.sg/property-management-news/2020/4/187485/private-home-sales-fall-32-4-in-march-amid-covid-19?utm_source=pgsg-newsalert&utm_medium=edm&utm_campaign=dailynews-16Apr2020&utm_content=links&from=singlemessage

Related story: Why now is a good time to buy a property

“The injection of new units for launch is also expected to slow down, from what was originally planned at the start of the year as some developers delay their project launches. Softer economic sentiments may hold back buyers’ decision.”

Lee Sze Teck, Director of Research at Huttons Asia, also believes that new home sales in April will definitely take a hit due to the circuit breaker measures. “However, if initial first week sales are an indication of demand in the property, it gives cause for optimism,” he said.

“An estimated 150 caveats for private residential properties were lodged in the first five days of April. If this is extrapolated for the whole month, we might see 900 transactions in April which is much higher than March,” he explained.

Read: The URA Caveat: Why It’s So Irresistibly Good

Once the situation stabilises and the safe distancing measures are lifted, Sun expects new home sales to pick up with the reopening of show flats and resumption of house viewings.

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