Singapore, 16 Aug 2021 REAL estate developers in Singapore moved 1,589 private homes in July this year, an 82.2 per cent surge from the 872 units sold in the previous month.
These figures - which exclude executive condominium (EC) units - were released by the Urban Redevelopment Authority (URA) on Monday, based on its survey of licensed housing developers.
OrangeTee & Tie senior vice-president of research and analytics, Christine Sun, observed buyers returning to the private residential market "in droves", with some rushing to purchase for fear of being priced out of the market.
OrangeTee & Tie's Ms Sun anticipates that the current home supply, especially in the suburban region, will not be able to meet the “swelling demand” from Singaporeans such as HDB upgraders.