Singapore home sales down 50%


Developers sold 602 units last month versus 1,201 in November, the Urban Redevelopment Authority said in a statement yesterday.

SINGAPORE: Private-home sales in Singapore halved in December from the month prior as developers marketed fewer projects and buyers decamped from the city-state on holiday.

Developers sold 602 units last month versus 1,201 in November, the Urban Redevelopment Authority said in a statement yesterday.

That took the 2018 sales tally to about 9,246.

The total number of apartments launched for sale in December was 101, compared with 1,342 in November.

The decline isn’t that much of a surprise with December typically a slow month for sales because buyers are away for Christmas and school holidays. — Bloomberg

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