by OrangeTee & Tie Pte Ltd.

Singapore Home Sales Rise to Highest in More Than Two Years

URA Quarterly Data

URA Quarterly Data

SG, 15 Oct 2020

Singapore home sales hit their highest in over two years in September with unit sales jumping 5.6% to 1,329 last month, highest since July 2018 according to URA data.

"The robust sales are attributable to strong demand from local buyers, especially wealthy people looking for growth assets," said Christine Sun, head of research and consultancy at OrangeTee & Tie. “They may feel that it is a good time to enter the market since prices will likely rise after the pandemic and Singapore’s economy is positioned for a gradual recovery. The housing stock in many mega-launches is diminishing which may have stoked urgency in some buyers to ink a unit now.”

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