Singapore, 15 Feb 2021 Singapore home sales rose to the highest in more than two years in January, with buyers rushing in amid speculation that the government may take steps to cool the market.
Sales of new private apartments soared to 1,609 last month from 1,217 in December, Urban Redevelopment Authority data showed Monday. That’s the most since July 2018 when 1,724 units were sold and the most recent cooling measures were imposed.
Speculation for impending property curbs nudged on-the-fence buyers wary that their purchasing eligibility or borrowing limits could be affected if steps are introduced, said Christine Sun, senior vice president of research and analytics at OrangeTee & Tie.