16 Feb '17, 7am

New home sales up 17.6% from year ago

Analysts expect more sales activity in the primary market this year. Despite the lack of new project launches, developers sold 381 private residential units in January, excluding executive condominiums (ECs), according to latest data from the Urban Redevelopment Authority (URA). This is up 3.8 percent from the 367 units moved in December, and 17.6 percent higher than the 322 units sold in the previous year. Developers also sold 184 EC units, down 13.6 percent from December, but 17.9 percent higher from last year, indicating more positive sentiments and outlook compared to the previous year. “January 2017 is better than January 2016. Notwithstanding the lead-up to the Lunar New Year celebration in January, market sentiments and outlook at the onset of 2017 is clearly much more positive than the beginning of 2016, which was marred by a volatile stock market that dampened sen...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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