New Home Sales Up 29.5% M-O-M In May 2019: URA

New Home Sales Up – The market is showing underlying signs of strength considering the weakness in the macroeconomy plus the impact of the property cooling measures implemented since July of last year. This resilience is due to pent up demand and the fact that many enbloc-cers are only starting to receive their monies from the developers. Almost $10-12 billion are expected to flow into the enbloc-cers hands in the 2nd half of 2019. The second half of 2019 will be an exciting time to monitor and track the health and underlying strength of the property market.

20 June 2019

News - New Homes Sales Up May 2019 - 1
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