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In The News Press Release
by OrangeTee & Tie Pte Ltd.

Singapore’s Home Sales Remain Resilient Despite Covid Flare-Up

SRX Private Residential Data

SRX Private Residential Data

Singapore, 15 Sep 2021

New private home sales in Singapore remained high in August even as the government took a more cautious approach towards reopening the economy. 

While the sales volume of new private homes dipped from July to August, the figures were still higher than the fiver year average. 

One reason sales remained solid last month is that buyers are fearful of being priced out given rising values, said Christine Sun, senior vice president of research and analytics at OrangeTee & Tie.  

“If there are no further tightening measures, then I think the sales momentum may continue to improve,” Sun said. “Our country is progressing toward an endemic path and a return to normalcy, therefore some buyers may feel that the economy will strengthen further and may have more confidence to enter the market.”







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