OpinionWhy Are Landed Home Sales Hitting New Highs Despite Covid-19?

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Ryan J Ong

Ryan is an old school print journalist gone digital. He's lived in almost every type of housing in Singapore, from flats to landed homes. Over the past 18 years, he's been a content developer for companies large and small, a co-founder in an education business, and sometimes a voice on the radio. He also spends too much time and money on painting little plastic soldiers.

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Phelan
Phelan

Are we extrapolating/concluding too much from just one data point? We know that Q2 landed sales would be depressed due to COVID so naturally Q3 would be significantly better. In fact, if you average out Q2 and Q3 (212+514=726/2=363), that works out to lower sales than the preceding 4 quarters (Q2’19 to Q1’20).

Stacked Homes
Stacked Homes

Hi Phelan, thank you for sharing your insights! In comparing the performance of sales volume, we took into consideration seasonality so we looked at Q3 in 2018 and 2019 which is lower than Q3 of 2020. Q3 of this year has indeed outshined Q3 of 2018 and 2019, as you said, this could be due to suppressed sales during Q2 as is the case for non-landed residential homes as well. However the article’s aim wasn’t to extrapolate data and say that prices would continue to rise, rather, it lists down reasons why we think the transaction volume is as such,… Read more »

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