by OrangeTee & Tie Pte Ltd.

Singapore Home Sales Fall, Adding to Signs of Cooling Market

International Research Collaboration

December 2019

Singapore, 15 Jan 2020

December private home sales fell to a 2019 low of 538 units, according to data released by the Urban Redevelopment Authority (URA). Transactions and launches typically dip during the month of December as most Singaporeans travel overseas and delay their purchases. Demand for new homes is anticipated to remain robust and sales could hover between 9,000 and 9,800 units in 2020, said Christine Sun, the head of research and consultancy at OrangeTee & Tie Pte.

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