New private home sales down 58% in December on the back of cooling measures

New private home sales down 58% in December on the back of cooling measures

Channel NewsAsia - Commentary·2022-01-17 17:03

SINGAPORE: Sales of new private homes in Singapore fell 58 per cent in December 2021 compared to the previous month, on the back of fresh cooling measures as well as the seasonal year-end lull. 

Excluding executive condominiums (ECs), developers sold 650 units last month, down from 1,547 in November, according to data released by the Urban Redevelopment Authority (URA) on Monday (Jan 17).

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