Private home prices in Singapore rose 2.7% in 2019 with a decline in the number of transactions to 19,150 units. The numbers could have been more impressive if not for the cooling measures introduced by the government in July 2018. The healthy take up rate of the Avenue South Residence has contributed to the increase in new-sales transactions. Given that interest rates are expected to stay low, real estate research analyst expects the sales momentum to continue into 2020.
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