New Home Sales Increased 32% in January 2021

by Albert02

New Home Sales Increased 32% in January 2021

In January 2021, the sales figures for private residential properties recorded a total of 1609 new homes sold by developers. This number do not includes sales figures of executive condominiums.

This computed to a month-on-month increase of 32% compared to the total 1217 units that were sold in December 2020. On a year-on-year comparison, the increase is 159% i.e. from 620 units in January 2020 vs 1609 units in January 2021.

According to market watchers, the increase in sales comes amidst talks and concerns of the probable implementation of additional cooling measures. There’s so many buyers who are having this fear of missing out.

More details of this can be found at:
https://www.edgeprop.sg/property-news/fear-missing-out-and-talk-cooling-measures-nudge-new-home-sales-322-jan-2021


 
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