According to analysts, a condominium development that virtually sold all of its apartments on the first day of sales demonstrates that Singapore’s pent-up demand for real estate has not been affected by higher mortgage rates.

Local house upgraders continue to be lured to reasonably priced private properties in prime areas, they added. While inflation is on the rise and the economy is unclear, some could be looking for a safe refuge for their money.

Source: https://www.channelnewsasia.com/business/amo-residence-ang-mo-kio-condo-launch-sold-out-home-loan-rates-2838586

Sceneca Residence