Govt cuts private housing supply from confirmed land sale sites due to Covid-19 fallout

Sales are strong after showflat reopen to the public where buyers can view the showflat with prior appointment. 15-units are sold in a weekends after the reopening of sales galleries. With the limited land parcel from government land sales, Developers are confident that they can move their existing stocks. Government cuts down on land supply due to the uncertainties in the economy due to the covid-19. Daintree Residence saw a sharp increase in sales since late last year as more buyers saw the transformation in Beauty World area and with future capital growth.

Source: The Straits Times

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