Developers sold 1,217 new homes in Dec, up almost 60 per cent over the Nov figure, data compiled by analysts showed. This brought the unit tally to 10,008 for 2020, a year when Singapore recorded its worst recession as a global pandemic resulted in lockdowns in many countries. It was an “amazing year”, said Christine Sun, OrangeTee & Tee director and senior VP of research and analytics, who looked at Dec caveats filed with URA on Mon. To be clear, the Dec transactions could change when URA releases its monthly sales data this Fri, and again when the Q4 Real Estate Statistics is published on Jan 22 due to downward adjustments for aborted sales. If the final figure is lower when aborted units are factored in, the total new homes for 2020 could be on par with the 9,912 units sold in 2019, said Ms Sun. On a yearly basis, Dec sales more than doubled from the 538 units of Dec 2019. New-home sales were mainly driven by two key launches last month – the 640-unit Clavon, which sold 473 units, and 660-unit Ki Residences at Brookvale, which moved 172 units.... Continue Reading