New private home sales jump 37% year on year in January: URA data

Inclusive of ECs, developers moved 622 homes last month, about 10 per cent more than the 566 units sold in January 2017 and 17 per cent higher than the 531 homes sold in December.
Inclusive of ECs, developers moved 622 homes last month, about 10 per cent more than the 566 units sold in January 2017 and 17 per cent higher than the 531 homes sold in December.ST PHOTO: KUA CHEE SIONG

SINGAPORE - Singapore developers sold 522 private homes in January, up 37 per cent from the 382 units sold a year ago and 21 per cent more than the 431 units moved in December.

The above figures, released by the Urban Redevelopment Authority (URA) on Wednesday (Feb 14) based on its surveys of licensed housing developers, exclude executive condos or ECs, which are a public-private housing hybrid.

Inclusive of ECs, developers moved 622 homes last month, about 10 per cent more than the 566 units sold in January 2017 and 17 per cent higher than the 531 homes sold in December.