Author: leahlim   |   Latest post: Fri, 3 Apr 2020, 3:10 PM


January new home sales up 14.9% before local coronavirus outbreak

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SINGAPORE (EDGEPROP) - A total of 618 new private residential units (excluding executive condominiums or ECs) were sold last month. This is an increase of 14.9% m-o-m compared to 538 units sold in December last year, and up 41.4% y-o-y, according to the latest statistics by URA.
According to Christine Li, head of research for Singapore and Southeast Asia at Cushman & Wakefield (C&W), “the January 2020 sales figure is encouraging given that the first two months of the year tend to be seasonally lower due to the start of the school term. Notably, this is the highest January sales figure over the last seven years since January 2013, when 2,028 units were sold”.


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