Sales of uncompleted private homes in November continue to fall

Sales of uncompleted private homes continued to fall in November, making it the fourth consecutive month of decline.

Just 600 units were sold last month, a 26 per cent drop over October. It was also the second time since January that private home sales have dipped below 1,000 units.

November followed the trend in October, which showed a pickup in the number of high-end units being sold.

More than half of the units sold in November had median prices above S$1,500 per square feet.

The top selling property last month was Boulevard Vue at Cuscaden Walk, where three units were picked up by buyers at a median price of S$2,850 per square foot.

Source : Channel NewsAsia – 15 Dec 2009

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