Singapore's January new home sales break into a sprint as talk of curbs grows

Major launches also contributed to 1,606 units sold, more than double that a year ago and is also highest monthly figure in over two years

Published Thu, Feb 11, 2021 · 05:50 AM

Singapore property

Singapore

DEVELOPERS enjoyed an early Chinese New Year bonanza last month when sales of new private homes surged to 1,606 units, up 32 per cent over December's 1,217 as determined buyers made their Huat Ah! sprint. (Huat Ah! means to prosper in Hokkien).

It is also the highest monthly sales notched since July 2018's 1,724, and up 159 per cent from the 620 achieved in January 2020, according to flash estimates from Christine Sun, OrangeTee & Sun, senior vice president, research & analytics.

The Urban Redevelopment Authority will release January monthly volumes on Feb 15.

January's sizzling sales were due to launch of mega project The Normanton and speculation …