Developers sales hit an 11-month high in August despite the weak economic outlook and poor labour market situation. This upward momentum continues into September as Hong Leong reported 60% sales of it’s 341 out of 566 Penrose units on the first day of the launch. There are strong take up across all 1 to 4 bedroom units types, with transacted prices between $1500 to $1700 psf.
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