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Singapore Home Sales Jump Signals Resilient Property Market
- Sales of new private apartments climbed 57% in December
- City’s economy expected to expand as virus under control
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Singapore home sales closed on a positive note last year as sales rose the most in six months in December, signaling a resilient market that has weathered the city’s worst recession.
Sales of new private apartments jumped 57% last month to 1,217, from 774 in November, according to Urban Redevelopment Authority data released Friday. That’s the highest number since September, when 1,329 units were sold. The percentage increase is the biggest since June, when purchases doubled.