16 Jun '11, 11pm

First-half private home sales to top previous 6 months: The URA data shows 6810 private homes were sold in the f...

SINGAPORE - More private homes are likely to be sold in the first half of this year compared to the second half of last year, based on figures published by the Urban Redevelopment Authority (URA). The URA data shows 6,810 private homes were sold in the first five months of this year. With June sales still pending, the six-month total is set to surpass the second half of last year, when 7,526 units were snapped up. But analysts say this is unlikely to prompt the Government to introduce more property cooling measures in the short term. They say that without the latest measures imposed in January, the sales in the first six months of this year could have been much higher. "The latest round of cooling measures in January is one of the most severe ones in the history. It still needs time for it to work its way through the system but certainly it has reduced the level of specula...

Full article: http://www.todayonline.com/Business/Property/EDC110617-00...

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