December sales at 1,217 units, highest since 2012

SINGAPORE (EDGEPROP) - Based on the number of caveats lodged with URA Realis to date, about 1,217 private residential units were sold by developers in December 2020. Since URA made developers’ monthly new home sales available in 2007, there were only two years where developers’ sales exceeded 1,217 units in the month of December. They were in December 2010 when 1,332 units were sold, and in December 2012 when 1,410 units were taken up, says Nicholas Mak, head of research & consultancy at ERA Realty Network.

Adding the caveats reported in 4Q2020 to URA data for the first three quarters of 2020, developers sold about 9,984 private homes (excluding ex- ecutive condos) in 2020, notes Mak. “But the final number could rise to just above 10,000 units when the final statistics are released on Jan 22. We just have to wait and see,” he adds. Even at 9,984 units, the figure has already surpassed 2019’s level of 9,912 units.