The resurgence was driven by multiple mass-market projects launched in the same month, as developers sought to capitalise on declining borrowing costs and pent-up demand. Buyers responded by lapping up suburban projects, including one in the east that sold more than 99% of its available 846 units.
Singapore home sales jumped to their highest level in more than a decade, confirming a property market revival that’s raising expectations of further government curbs.
Developers sold 2,557 new private units in November, according to figures released by the Urban Redevelopment Authority (URA) Monday. That’s more than the previous six months combined, and the most for a single month since March 2013.
