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2019 new home sales top 10,000 units, up 15% from year ago; Encouraging number comes despite slower December showing; demand expected to be resilient this year

Jan 16, 2020 - The Business Times Singapore

Singapore

PRIVATE home sales in 2019 rose 15 per cent to 10,104 units - signalling a resilient housing market as unemployment remained low, despite an expectedly slow month in December.

Housing demand was robust across the board, with six of the top 10 selling projects located in the outside central region (OCR) as HDB upgraders continued to snap up private homes, noted Lee Sze Teck, Huttons Asia director research.

"This is unsurprising as the bulk of the demand came from the H...