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Property developers have not seen the worst yet

Fresh property news selection on August 11. 2020, Tuesday.

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IN THE second quarter, private home prices surprised on the upside by climbing 0.3 per cent despite the "circuit breaker" - reversing from the Urban Redevelopment Authority's earlier flash estimate of negative 1.1 per cent.


This increase was led by the core central region. And the primary market proved more resilient than the secondary market, accounting for nearly two-thirds of all transactions.

Several transactions for properties in prime projects such as 8 Saint Thomas, Leedon Green, Martin Modern, Van Holland and Pullman Residences took place in the last two weeks of June, according to real estate consultancy JLL.

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