New home sales in Singapore rebounded from a low of more than two years in September, and developers temporarily suspended the relaunching of real estate. Developers sold 296 new private homes last month, according to data released by the Singapore Urban Renewal Authority on Thursday. Only 153 units were sold in August, the lowest since February 2024; 255 units were sold in the same period last year. This slight recovery is due to new listings re-entering the market after the Chinese Lunar New Year Festival. Chinese Yuan Festival is generally regarded as inappropriate for buying a home. Against the backdrop of a gradual rise in interest rates, the next few months will show more clearly whether this round of property market prosperity, which has continued for many years after many government regulations, can regain upward momentum.

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