16/02/2021
Straits Times SINGAPORE - New private home sales hit 8-year high for January amid talk of impending property curbs
New private home sales in January surged to their highest for the month in eight years, as developers went all out with several new launches, including the mega 1,862-unit Normanton Park and 429-unit The Reef at King's Docks, both of which accounted for more than 50 per cent of the units sold.
The fear of missing out was out in full force on talk of another round of property curbs, lifting January's sales by more than 32 per cent to 1,609 units from 1,217 in December.
These were the strongest January sales since 2013, when 2,028 units were transacted. They were also the highest sales for any month since July 2018's 1,724 take-up.
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