Shoring up developers’ confidence is November’s new private home sales of 1,198 units (excluding executive condos), which is a 52% year-on-year rebound from 788 units in November last year, and about 2.5 times the sales in October (487 units), says Tricia Song, head of research for Singapore, Colliers International. “Sentiment had been more muted after new cooling measures were implemented in July 2018,” she points out.