According to URA data, private non-landed residential direct developer sales rebounded strongly for the month of June after we enter into Phase 2 of the circuit breaker. 998 units were transacted in June, a 105% increased from previous month and is also a 7-year record high. The number of foreigner purchase also rose by 48% to 49 units in the month of July. Also worth noting, there is a whooping 460% increase in the number of transactions transacting above $2m to 129 units in June.
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