Developers sold 10,566 homes in 2017

Developers sold 10,566 homes in 2017

Singapore Business Review·2018-01-27 19:05

The number surged 33% from 7,972 units sold in 2016.

Singaporean developers sold 10,566 private homes, excluding executive condominiums (EC), up 32.54% from 7,972 units sold in 2016, the Urban Redevelopment Authority (URA) revealed.

According to data, For the whole of 2017, developers launched 6,020 units, compared with 7,877 units in 2016. There were 877 uncompleted private residential units, excluding ECs, launched for sale in Q4, compared with 1,183 units in the previous quarter.

Meanwhile, developers sold 1,864 private residential units, excluding ECs, in Q4, compared with the 2,663 units sold in the previous quarter.

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