Developers sold 673 new private homes (excluding executive condos) in January 2022, up by 3.5% from 650 units transacted in the previous month. January’s sales performance is quite respectable and indicative of a healthy underlying demand in the market, considering that there were limited new launches, the seasonal lull leading up to the Lunar New Year, as well as fresh property curbs having been introduced in December 2021.

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