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by OrangeTee & Tie Pte Ltd.

Despite pandemic, total 2020 new home sales may match 2019's

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SG, 13 Jan 2021

The total of new private homes sold in 2020 hit about 10,000 in a year when Singapore recorded its worst recession as a global pandemic forced lockdowns in many countries. This would put it roughly on par with the number of new homes sold in 2019, once aborted sales are accounted for. The preliminary tally for 2020 comes as developers sold 1,217 new homes in December, up almost 60 per cent over the November figure. 

This is according to December caveats filed with the Urban Redevelopment Authority (URA) this week, noted Christine Sun, OrangeTee & Tee director and senior vice-president of research and analytics.

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