There were 1,270 new private home sales in September, an increase of 13 per cent from August. This is the best September in seven years and reaching a height not seen since the cooling measures in July 2018. It is also the highest quarterly sales volume since 2Q 2013. This could be a sign that prices are likely to be stable with limited downside and developers will continue to launch their projects. It also indicates that many Singaporeans are confident about the long term prospects of private properties here. Projects like the Midtown Modern will likely attract investors who are looking for a safe investment asset in Singapore.
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