by OrangeTee & Tie Pte Ltd.

Chart of the Day: New flat sales still booming despite pandemic

SRX Private Residential Data

SRX Private Residential

SG, 29 Oct 2020

In Q3, 2,119 new flats were sold. They also constitute a higher proportion of total sales, rising from 25.9% in Q2 to 28.7% in Q3. The proportion was 21.3%, or 1,246 new flats, in Q3 2019. Prices of new flats rose at a faster rate of 5.4% from Q3 2018 to Q3 2020 when compared to the 3.4% hike for all flat types. Prices of new flats have also jumped 3.7% from Q2 2020 to Q3 2020, higher than the 2.9% clocked for all flat types over the same period.

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