POSTED: 15 Jan 2014 13:19 | CNA


Sales of new private homes plunged nearly 80 per cent in December compared to a month ago, as developers held off new property launches.

According to data from the Urban Redevelopment Authority (URA), just 259 units of new private homes were sold in December, down from 1,228 units transacted in November.

Among the units sold, 125 are located in the suburban areas, 90 units in the city fringe, and 44 units in the core central region.

URA data showed that just 118 new units were launched in December. With the exception of one unit in the suburban area, the rest of the new private homes launched were in the city area.

Including sales from executive condominium (EC) projects, 333 new units were sold in December, down from 1,714 units in November.

– CNA/nd