New private home sales in January inched up from December, even as cooling measures took effect and no new mega projects were launched. According to URA data, there were 673 new homes sold (excluding executive condominiums), up 3.5 per cent from 650 in December.
Ms Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie, called January 2021's high sales volume "an anomaly".
From 2014 to 2020, the total new home sales excluding executive condominiums for the month of January ranged between 324 and 620 units, she noted.