SG, 16 Nov 2020 Private home sales halved in October over the October month amid a paucity of new launches and an official clampdown on the re-issuance of options to purchase (OTPs) by developers.
However, property consultants are predicting a recovery in primary-market private home sales in November and December with upcoming launches
Christine Sun, head of research and consultancy at OrangeTee & Tie, said: "Given that fewer new projects could be launched next year, especially mega-projects, we estimate that around 8,500 to 9,500 new homes could be sold in 2021."