by OrangeTee & Tie Pte Ltd.

S'pore new private home sales hold steady in January amid cooling measures, drop in launches

Monthly Developers' Sales

Monthly Developers' Sales

After the latest cooling measures in December 2021, new sales volume remained steady in January.

Buyers took up 673 private residential units, up 3.5 per cent from 650 in December but down 58.8 per cent from 1,633 a year ago, according to Urban Redevelopment Authority (URA) data on Feb 15.

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.

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