Private home sales down 29% in October to 811 units

Sales of uncompleted private homes continued to fall in October, making it the third month of decline in a row. Just 811 units were sold last month, a 29 per cent slide compared to September.

This is also the first time since January that private home sales have dipped below 1,000 units. However, October saw a pickup in the number of high-end units being sold.

While mass market homes have been dominating the sales records since February, more than a third of the units sold in October had median prices above S$1,500 per square feet.

In fact, the top-selling property last month was Cyan at Bukit Timah Road, where 80 units were picked up by buyers at a median price of S$1,821 per square foot.

The most expensive unit sold was at Boulevard Vue at Cuscaden Walk, which went for S$4,150 per square foot.

Source : Channel NewsAsia – 16 Nov 2009

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