Private home sales remain flat in July

Private home sales remain flat in July

Developers sold 484 new private homes last month, up marginally from the 482 units sold in June, according to the Urban Redevelopment Authority.

SINGAPORE: The private housing market remained in the doldrums in July, with sales of private homes remaining flat as developers continued to scale back new launches.

Property developers sold 484 new private homes last month, up marginally from the 482 units sold in June, latest data from the Urban Redevelopment Authority (URA) showed on Friday (Aug 15). Including executive condominiums (ECs), 535 new units were sold in July, up from 531 units the previous month.

The lacklustre sales came as developers launched just 434 new units, slightly more than the 418 units launched in June. In May, 1,488 new private homes were sold as developers launched 1,819 units.

- CNA/cy


- wong chee tat :)