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Increase in Singapore new home sales despite lack of launches

Fresh property news selection on December 19. 2019, Thursday.

Today's news selection contains the latest real estate related stories. Do you own a real estate/property/finance blog or news site? Send the URL to [email protected] so our editors can use them as sources.


Colliers International believes the demand for new homes in Singapore is likely to remain stable in 2020 after figures from the Urban Redevelopment Authority showed a monthly increase in private home sales for November.

The demand for private homes in Singapore is still relatively stable despite global trade and geopolitical uncertainties, Colliers International says.

Figures released by the Urban Redevelopment Authority showed that developers sold 1,147 new private homes (excl. Executive Condos) in November 2019 - a rise of 23.2 per cent from the restated 931 units transacted in the previous month.

On a year-on-year basis, new home sales declined 4.5 per cent from the 1,201 units shifted in November 2018, where there were eight new launches signalled a recovery from the market cooling measures in July 2018.

At a glance:

  • Figures released by the Urban Redevelopment Authority showed that developers sold 1,147 new private homes (excl. Executive Condos) in November 2019 - a rise of 23.2 per cent from the restated 931 units transacted in the previous month.
  • On a year-on-year basis, new home sales declined 4.5 per cent from the 1,201 units shifted in November 2018.
  • Colliers Research predicts that new home sales in 2019 will likely reach 10,000 units, surpassing the 8,795 units (excl. ECs) transacted last year.

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