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New private home sales in December down 53% from November but up 10.6% from year ago: URA data

New private home sales in December down 53% from November but up 10.6% from year ago: URA data.

SINGAPORE (THE BUSINESS TIMES) - Developers in Singapore moved 538 private homes in December 2019, half of the 1,147 units they sold in the previous month, amid a dearth of new launches. The latest figure, however, is 10.6 per cent higher than the 602 units sold in December 2018.

Developers sold 2,635 units in the fourth quarter of 2019, up 43.5 per cent from 1,836 units in the same quarter a year ago.

For the whole of last year, their sales totalled 10,104 units, which is 14.9 per cent higher than the 8,795 in 2018.

To read more: https://www.straitstimes.com/business/property/new-private-home-sales-in-december-down-53-from-november-but-up-106-from-year-ago

Adapted from The Straits Times 15th Jan 2020

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