Business Times (16th January 2020): 2019 New Home Sales Rose 15% to 10,104 units - signalling a resilient housing market.
• Despite a large number of new homes launched over the past year, the market absorption for newly launched units had been healthy.
• The number of launched but unsold units have begun falling over the past two months.
• Prices of new homes may continue to rise this year around 2 to 4 percent.
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