Foreign buyers, new launches boost Singapore's January home sales

JadeScape along Shunfu Road, launched in Sept 2018, was January's best-selling project, with 56 units sold at a median price of US$1,690 per sq ft. - Lianhe Zaobao

SINGAPORE (The Straits Times/ANN): A spurt of buying by foreigners and new launches helped buoy Singapore's property market in January, with developers moving 618 private homes in January, up 14.9 per cent from 538 in the previous month.

Developer sales were up 41 per cent from 437 units sold a year ago, marking the highest January sales in seven years, Urban Redevelopment Authority data showed on Monday afternoon (Feb 17). The figures exclude executive condominiums or ECs.