Median prices increased from prior months during the lockdown.

This chart from Jefferies shows that developers were able to sell 998 units in June, more than double that in May.

Median prices increased from prior months during the lockdown however, primary sales are down 10% YoY in H1. Barring a second wave of pandemic, H1 sales are expected to be helped by pent-up demand and new launches and continued support from low rates.

New sales in June more than doubled the prior month in line selling 1031 units Including executive condos compared to 510 units in May. However, on the year, sales were up 21% with average prices of units sold increased in June to $1975 psf compared to $1849 psf the month prior.

Top selling projects remain unchanged from prior month which includes Treasure At Tampines (Sim Lian), Parc Clematis (Singhaiyi), The Florence Residences (Logan), Parc Esta (MCL), and Stirling Residences (Nanshan & Logan).

Purchases by foreigners increased in June as virtual viewing/green lanes helped. Singaporean purchases are helped by upgraders. HDB resale volumes have picked up and such buyers are inclined to mitigate the leasehold risk of public units. That said, the unsold units in EC projects are interesting.