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The new private homes sales increased by 57.2 percent, from 774 new units sold in November 2020 to 1,217 new homes sold in December 2020.
The number of new homes sold was lowered then Q3 2020. A total of 3,517 new units were sold in the third quarter of 2020 and only 2,645 new private homes were sold in Q4 2020.
However, the total new units sold by private developers hit 10,024 units in the Year 2020, 1.1 percent more than the Year 2019 which sold a total of 9,912 units by the developers.
The above figures were released by the Urban Redevelopment Authority (URA) on Friday, 15 January 2021 which exclude executive condominiums (EC) like Provence Residence and Parc Central Residences. The final sales figures will be released on 22 January 2021.
The developers sold 1,265 new homes in December 2020 if we include Executive Condominium. This is a 53.9 percent increment compared to 822 new units sold in November 2020.
In December 2020, Clavon located along Clementi Avenue 1 was the top-selling development. A total of 473 new units were sold with a median price of S$1,637 per square foot (PSF). KI Residences at Brookvale come in second with 172 units sold at a median price of S$1,766 psf.