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January's strong new home sales likely to be a one-off

Analysts say no more mega projects lined up for the rest of the year

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Published Mon, Feb 15, 2021 · 09:50 PM
    New sale caveats for S$5-10m in January 2021
    Posh sales

    Singapore

    JANUARY's new private-home sales rose 32 per cent to 1,609 over December's 1,217, on the back of launches of a few mega projects, pulling up prices further.

    The bulk of January's buyers were locals, but the number of foreign buyers - although small in absolute terms - also rose sharply amid low interest rates and abundant liquidity.

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