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New private home sales down 36% year-on-year in October in Singapore

Staff Writer |
Sales of new private homes in Singapore fell 36 per cent in October from a year earlier, as there were barely any new launches in the month.

Developers sold 487 units last month excluding executive condominiums (ECs) compared with 761 units in October 2017, according to data released by the Urban Redevelopment Authority (URA) on Thursday (Nov 15).

On a month-on-month basis, sales fell by about 48 per cent in October from the 932 units sold in September, URA data showed.

A total of 202 new homes were launched by developers last month, an 83 per cent drop from the 1,169 units launched in September.

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