New private home sales rebounds 30% in December

Demand for new private residential property in Singapore rebounded in December, following a sharp decline in the preceding month. 

According to the Urban Redevelopment Authority or URA, 1,410 units of new private homes were sold last month. 

That's a jump of 30 percent from November sales. 

Analysts said that's due to the buoyant property market in December, as well as several projects launched during the period. 

Meanwhile, the best selling project last month was Echelon located at Alexandra View with 331 units changing hands. 

In the Executive Condominiums or ECs segment, the top performer was CityLife@Tampines which sold 452 units in December. 

Overall for the whole of last year, a record 22,684 units of new homes, excluding E-Cs, were sold. 

That topped the previous high of 16,292 units sold in 2010.