Skip to main content Skip to footer

Comments on URA home sales | August 2021

Download Report
URA home sales, colliers research, residential

In 2021, we expect the overall momentum of the housing market to remain positive as the economy recovers. We expect to see a stronger buying power, despite potentially fewer new launches.


 
Based on the data released by the Urban Redevelopment Authority on Wednesday, 15 September, developers’ sales in August moderated by 23.6% month-on-month (MOM) to 1,215 new private homes sold (excluding Executive Condos, or ECs) from July’s 1,591 units sold, reflecting the impact of the Ghost Month in August. On a year-on-year (YOY) basis, developers’ sales declined 3.4% from the 1,258 units transacted in August 2020. This brings the total developer sales (excluding ECs) year-to-date (YTD) to 9,416 units, up 48.1% compared to the same period last year.

Developers sold 107 EC units in August, reflecting a decline of 30.1% MOM from the 155 units sold in July. There was no new EC launch during the month. Overall, the total developer sales (including ECs) in July 2021 totalled 1,322 units, reflecting a decline of 24.3% MOM and an increase of 1.0% YOY. 
 
Download your copy of the latest monthly update with expert recommendations for owners and occupiers below. For more real estate insights, please reach out to our expert Shirley Wong, Senior Associate Director for Research in Singapore

URA home sales, colliers research, residential

Comments on URA home sales | August 2021

Download Report
Related Experts

Shirley Wong

Director

Research

Singapore

Shirley carries with her more than 15 years of experience, primarily in real estate and equity research in top-tier investment and private banks, as well as portfolio management in a fund management firm. In her previous roles, her coverage and experience spans across Asia Pacific real estate markets and included all segments of real estate. 

 

View expert