Private new home sales – excluding executive condos (ECs) – fell by 26.9% m-o-m to 928 units in October, according to developers’ monthly sales data released by the URA. However, this is an 84.9% increase from the 502 units sold in October 2018.
The drastic fall in sales on a m-o-m basis came as new launches declined 48% m-o-m to 892 units in October. “There were fewer attractive launches,” comments Tricia Song, head of research for Singapore at Colliers International.
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