Demand for private homes in Singapore remains strong, based on just-released official data showing developers sold 1,909 new units in November, 80.4% more vs October’s 1,058. For the first 11 months of 2010, 15,018 units were sold, beating the 2007 high of 14,811.

“The momentum will certainly continue as a lot of developers view the release of land by the government as an opportunity to buy,” says an analyst from a foreign house; but expects firm demand to result in more housing-market curbs, which would continue to weigh on shares of developers.

Property stocks are mostly down, tracking the broad market’s decline, with the FTSE ST Real Estate Holding & Development Index off 0.4%. Among decliners, CapitaLand (C31.SG) is off 0.8% at $3.65, Keppel Land (K17.SG) is off 1.9% at $4.61, Wheelock Properties (M35.SG) is off 0.5% at $1.97.