New private home sales up 3.5% in January amid resilience, fewer launches

Singapore

NEW private home sales were stable in January despite fewer launches during the month, latest data from the Urban Revelopment Authority shows. Developers in Singapore sold 673 new private homes in January, inching upwards by 3.5 per cent from 650 in December, when new cooling measures kicked in.

The January tally is the highest private home sales for the month of January since 2014, with the exception of January 2021, noted Wong Siew Ying, head of research and content at Propnex Realty.