Private home sales predicted to hit 700-800 units this September

TDSR rules continue to bite.

According to Knight Frank, new sales volume for private homes this month is likely to stay around largely similar levels in the range of 700 to 800 units, as the TDSR rules continue to impact the budgets of home buyers to commit to private property purchase.

Knight Frank said that nonetheless, sales momentum could improve in these two months as financial institutions increase their efficiency to process loan approvals.

Developers are also likely to roll out new marketing strategies in their upcoming launches, either in terms of enhanced design concepts or price discount offers to boost sales.

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