The rebound in transactions was not only evident in the new sale market but also in the resale market as well. Total resales transactions increased by more than three times to 2,480 units in Q3 2020 from the previous quarter’s 758 units.
Despite experiencing the worst recession due to the COVID-19 pandemic, Singapore’s non-landed residential market witnessed a “gravity-defying” rebound in the third quarter of 2020, revealed a Knight Frank report.
In fact, transaction volumes of non-landed private homes, excluding Executive Condominiums (ECs), more than doubled to 5,895 units.