New home sales picked up in May since the circuit breaker started in April despite the curbs from the virus. With limited land supply from the government land sales due to the uncertainties in Singapore economy, developer has ample time to clear their existing stocks. Neu at Novena is very likely to achieve 100% sales by end of the year or early next year since there is no more freehold supply that is so near to MRT.
Source: The Straits Times
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