Real Estate is poised to hit a new cycle of growth

Singapore's property market witnessed a roller-coaster ride over the past year. Home sales plunged to historical lows during the April and May circuit breaker period. But at the end of the movement restrictions, property buying activities rebounded strongly across many market segments.

The Singapore economy, which marked its worst recession in 2020, may be in for a better-than-expected recovery this year on the back of strengthening external demand.

The Monetary Authoriy of Singapore (MAS) on Wednesday ( 28 April 2021 ) said the country's gross domestic product (GDP) "could exceed 6 per cent" in 2021 .

Housing demand and buying sentiment is picking up further in the coming months on growing vaccine optimism and potential macroeconomic recovery.