S’pore’s October new home sales dive 70% on-month

New home sales in Singapore dived 70 per cent in October compared to September as home buying sentiment continued to sour.

According to Urban Redevelopment Authority’s (URA) data, developers sold 112 new and uncompleted private residential homes last month, versus the 380 units sold in September.

They launched just 159 units for sale, compared to nearly 767 in September.

The most expensive unit sold was at the Orchard Scotts development at Anthony Road, which went for S$2,407 per square foot.

Source : Channel NewsAsia – 17 Nov 2008

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