Recession? 2020 new home sales could top 2019's

Singapore

DESPITE economic headwinds and the Hungry Ghost Festival, developers in Singapore sold 1,256 private homes in August, 16 per cent higher than July's take-up.

This is the fourth consecutive month of increase in monthly sales since the circuit breaker in April this year, analysts noted. The buoyant recovery has led to upward revisions by analysts with some even projecting that 2020 transactions may even exceed 2019's 9,912.