by OrangeTee & Tie Pte Ltd.

New home sales to hover at 10,000 in 2020: analysts

URA Quarterly Data

URA Quarterly Data

SG, 13 Jan 2021

DEVELOPERS sold 1,217 new homes in December, up almost 60 per cent over the November figure, data compiled by analysts showed. This brought the unit tally to 10,008 for 2020, a year when Singapore recorded its worst recession as a global pandemic resulted in lockdowns in many countries. It was an "amazing year", said Christine Sun, OrangeTee & Tee director and senior vice-president of research and analytics, who looked at December caveats filed with the Urban Redevelopment Authority (URA) on Monday. To be clear, the December transactions could change when URA releases its monthly sales data this Friday, and again when the Q4 Real Estate Statistics is published on Jan 22 due to downward adjustments for aborted sales.

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