15 Jun '11, 6am

Private home sales slow down in May: SINGAPORE: Data released Wednesday by the Urban Redevelopment Authority (UR...

Private home sales slow down in May: SINGAPORE: Data released Wednesday by the Urban Redevelopment Authority (UR...

SINGAPORE: Private home sales slowed 12.7 per cent on-month to 1,575 units in May. In April, 1,805 units were sold. Including Executive Condominiums (ECs), total sales in May would have reached 1,825. The data were released on Wednesday by the Urban Redevelopment Authority (URA). Developers slowed down their launches in May, as they await potential changes to housing policies post-general election. That's according to analysts, who say the number of units launched fell by 41 percent on-month to 1,125. Properties which were launched in May were mainly in the suburbs or the outside central region, like the Foresque at Petir Road in Bukit Panjang and Eight Courtyards in Yishun. The suburban region saw the most sales, with 945 units, while the city fringe region saw 458 units sold. The central region saw the least sales, with only 172 units sold. Islandwide, the take-up rates ...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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