(November 15 15:51) Sbr.com.sg
Submitted By:
Clarist Zablan
Case Study:
No
The absence of major launches outside CCR dragged down sales volume.
Private home sales fell 26.9% MoM to 928 units in October, according to data from the Urban Redevelopment Authority (URA). On a YoY basis, sales surged 84.9%. Including executive condominiums (ECs), new home sales dropped 26.4% MoM to 955 units.
According to OrangeTee & Tie head of research & consultancy Christine Sun and Huttons director for research Sze Teck Lee, the decline in sales may have been due to a lack of major launches outside the core central region (CCR).
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