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Home sales expected to remain low for August and September

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Analysts are expecting private home sales volume to fall in August and September due to the seventh lunar month commonly known as the hungry ghost festival.

Buyers are less inclined to make major investment decisions during this period, which is believed to be inauspicious.

On the other hand, developers are delaying new project launches, with most of their attention focused on watching for signs of policy easing, with regards to the infamous cooling measures introduced by the Monetary Authority of Singapore (MAS).

Taken from iProperty

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Guest Monday, 13 July 2020