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by OrangeTee & Tie Pte Ltd.

New private home sales in S'pore fall 31% in September as developers hold back launches

Monthly Developers' Sales

Monthly Developers' Sales

Singapore, 15 Oct 2021

Sales volume of new private homes dipped in September among delayed launches as Covid-19 cases spiked, and safe-management measures were tightened.

Meanwhile, sales of new private suburban homes that went for at least $2 million hit new highs in the first nine months of this year, said Ms Christine Sun, senior vice-president of research and analytics at real estate firm OrangeTee & Tie.

URA Realis data noted that 583 non-landed homes from 24 condos in the suburbs transacted at more than $2 million each, with Parc Clematis recording the lion's share of 161 sales.

Ms Sun said: "With more HDB resale flats transacted at over $1 million, and given a lack of new EC supply, this has caused a number of ECs to be transacted at over $2 million."







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