Private home sales slump 33.5% in September amid fewer property launches

Sales of new private homes slumped 33.5 per cent last month as developers continued to scale back new launches.

Excluding executive condominiums (ECs), developers sold 341 units in September, down from the 513 units sold the previous month, data from the Urban Redevelopment Authority (URA) showed on Thursday (Oct 15).

Including ECs, 629 units were sold, down from August’s 979 units.

The lacklustre sales came as developers launched just 391 units last month, down from the 598 units launched the previous month. Including ECs, a total of 916 units were launched, compared with the 1,305 units launched in August.

Source : Channel NewsAsia – 15 Oct 2015

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