Like every other business, real estate also took a huge blow in 2020. The pandemic situations made the sales rate steeping down the graphs. But since then, the industry has recovered from the blows. What could be the reasons for this rise in new property launch singapore?

Pandemic and aftermath

The COVID-19 virus crushed the dreams of owning properties for many people. The diminishing in property sales was upsetting but foreseen. Trade and business sectors witnessed a steady decline worldwide. But ever since the pandemic, there has been a considerable rise in the number of sales. The basic reason could be the most obvious one- more people have been exposed to the appeal of owning private homes and properties. Whatever the reason is, the colossal bounce back in sales of real estate is a noticeable achievement.

Rise in demand

The necessity of a private home reclaimed its supreme status for every family. Dwindling interest charges became an obligatory promoter to the budding demand for property. The frequent lockdowns have made people realize the worth of a home, now more than ever. To charm the buyers, sellers introduced several bargains and discounts to make the sale cheaper for the customers. Numerous novel ventures have been started, including a new property launch Singapore edition, demonstrating that demand is growing gradually.

It is 2021 and we need to consider the affordability factor. These are difficult times and high-interest rates may not be everyone’s cup of tea. Further cost optimization will lead to more positive sales, which is an inevitability for the market.