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Singapore’s streets and central business district were quiet during its eight-week circuit-breaker to curb the spread of the coronavirus , but its private housing market was not snoozing entirely.
During the city state’s partial lockdown in April and May, 1,340 units changed hands – almost 40 per cent (3,391) of the level of transactions in the same time period last year.
Instead of viewing countless homes and show flats, examining finishes and nooks and crannies that might need renovation, buyers based their decisions on virtual tours and online viewings.
And the homes that changed hands didn’t come cheap. According to data from the Urban Redevelopment Authority’s Real Estate Information System (Realis) on June 18, the most expensive transaction was a 8,740 sq ft unit in a condominium called Ardmore Park in central Singapore that sold for $27.65 million (US$19.85 million) and is freehold.
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