New private home sales hit over 2-year high in September: The Straits Times

Year to date, direct developer sales accounted for 7,532 units, as compared to 7,469 units in the same period last month. This sales performance is spectacular considering we are currently in an unprecedented pandemic and an economic recession where GDP contracted by 13.3% and 7% in Q2 and Q3 this year. This is in contrast with an increasing overall price index of 0.3% and 0.8% respectively in Q2 and Q3.

Source: https://www.straitstimes.com/business/property/new-private-homes-sales-hit-over-2-year-high-in-september-ura-data

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