August new home sales surge to 11-month high on pent-up demand: The Business Times

Demand for new residential home continues to be on a rise as we hit a high of 1227 units in August, up from 9.3% from last month and 13.6% from a year ago, despite the bleak economy outlook and increasing unemployment rate. This strong sale numbers is the highest since September 2019 and came as a surprise as we are also in the midst of the traditional hungry ghost period.

Source: https://www.businesstimes.com.sg/real-estate/august-new-home-sales-surge-to-11-month-high-on-pent-up-demand

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