September’s private home sales hit a 2 years high and is also a consecutive five month increase. 1,329 units were transacted in September, up from 1,258 in August, the highest since July 2018, when 1,724 units changed hands. Quarter-on quarter, the increase in September is 4.6% higher than August’s sales of 1,270units. Despite URA’s tightening of measures surrounding the reissuing of option to purchase, the strong sales numbers reflects genuine demand for residential housing.
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