New private home sales up almost 15%, thanks to HDB upgraders

The number of new condo units rose in 2019 compared to 2018, with 10,104 sold compared to 8,795 units sold in 2018. Of these units, 55% were from projects launched in prior years. The take up rate at the end of the year also rose, with 2,635 units sold in Q4 2019 compared to 1,836 units in Q4 2018. There is expected to be about 30 new condo projects launching in 2020, with half in the prime districts and half comprising projects in the city fringes and suburban districts.

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