SINGAPORE (Jan 17): Residential home sales including executive condominiums reached 12,432 units in 2016, an improvement of 21% over 2015 levels. Excluding ECs, home sales reached 8,363 units, which was still 8.3% higher compared with 2015.
CIMB analysts Lock Mun Yee and Yeo Zhi Bin pointed out that it was the highest level of homes sales since the total debt servicing ratio (TDSR) framework was implemented in 2013.
For December alone, total home sales reached 580 units, or 367 units excluding ECs. While it was lower compared with November’s figures, it was comparable with the numbers seen in December 2015.