Singapore, 16 May 2021 SINGAPORE – Buyers jumped in after the Chinese New Year break in anticipation of an economic recovery, sending new private home sales last month to 1,296 units – the highest March take-up since 2017 and double the 645 units sold in February.
Year on year, developers booked 96 per cent more sales in March, with a little under half of the units coming from high-end condominiums in the prime districts.
Ms Christine Sun, OrangeTee & Tie’s senior vice-president of research and analytics, said: “Backed by the prospects of further price growth and a better leasing environment, foreign demand is expected to return gradually. We may see more luxury homes being sold in the coming months as more such projects are slated to be launched.” Case in point, buyers snapped up more than 50 per cent of Irwell Hill Residences during its launch weekend, she added.