by OrangeTee & Tie Pte Ltd.

Recession? 2020 new home sales could top 2019's

URA Quarterly Data

URA Quarterly Data

SG, 16 Sep 2020

Defying the economic recession, developers in Singapore amazingly sold 16 per cent higher than July's take-up, reaching 1,256 private homes sold in August.

Christine Sun, head of research at OrangeTee & Tie, said: "The property market bucked the trend with higher new home sales inked in August, (as) market activity typically tends to slow during the seventh lunar month. New home sales rose 'higher and quicker' than expected after the 'circuit-breaker' period, which upended sales in April and May (when there were) show flat closures."

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