November new home sales up 39% from Oct

Singapore

DEVELOPERS sold a total of 759 private residential units in November, a 39 per cent uptick from 548 units sold in October and representing a 79 per cent jump from a year ago.

This is according to data released by the Urban Redevelopment Authority on Tuesday.

JLL's head of Singapore and South-east Asia research Chua Yang Liang noted that the number of units sold in November is the third largest this year, after April (1,167 units) and July (1,655 units).

Dr Chua said: "The rise in November sales volume is a continuation of the upward trend since October. Given the government's continual emphasis that policy reversal is nowhere near, it would appear that buyers are moving back into the market...although buyers are still very price sensitive, as the take-up r…