Singapore’s new private home sales rise 3.5% in January

DEVELOPERS in Singapore sold 673 new private homes in January, inching upwards by 3.5 per cent from 650 in the previous month.

Including executive condominiums (ECs), which are a public-private housing hybrid, sales reached 725, just 0.8 per cent higher than that of December 2021.

Tuesday’s data was higher than consultants’ flash estimates published by The Business Times on Thursday (Feb 10).

Last month, most of the sales excluding EC were in the rest of central region (RCR) (42.9 per cent), followed by the core central region (CCR) (40.9 per cent) and outside of central region (OCR) (16.2 per cent).

January also saw 178 new units launched.