Private home sales slump 69.3% in August with fewer property launches

Sales of private homes by developers slumped 69.3 per cent last month amid a quiet market with few launches.

Excluding executive condominiums (ECs), developers sold 495 new units in August, down from the 1,611 units sold the previous month, data from the Urban Redevelopment Authority (URA) showed on Tuesday (Sep 15). Including ECs, 961 units were sold last month, down from 2,106 units in July.

Excluding ECs, 598 units were launched in August, down from the 1,468 units launched in the previous month. Including ECs, 1,305 units were launched, down from July’s 2,623 units.

Source : Channel NewsAsia – 15 Sep 2015

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