Singapore new private home sales surge 77% to 1,545 units in July

NEW private home sales in July rallied in spite of tightened community measures in the second half of the month. Riding the pent-up demand wave, developers also enjoyed ripple effects from the launch of Pasir Ris 8.

Based on caveats lodged, analysts estimated that developers in Singapore sold 1,545 new private homes in July, jumping 77.2 per cent from June's 872.

Mark Yip, chief executive officer of Huttons Asia, noted that this is the second highest monthly sale in 2021 so far, just 5.4 per cent behind that of January. He also highlighted that January had two major launches, compared to one in July.