reporter2
24-07-12, 22:35
http://www.straitstimes.com/PrimeNews/Story/STIStory_823057.html
19.5% fall in new private home sales
Published on Jul 17, 2012
SALES of new private homes remain on a slow descent with turn-over again down in June - the second consecutive month of decline.
Last month, 1,371 units were shifted - the lowest monthly total since December - and down 19.5 per cent from May's 1,704 units.
If executive condominium transactions are included, new home sales totalled 1,725 units last month, said the Urban Redevelopment Authority (URA) yesterday.
The quarterly picture reflects the same trend: 5,572 units were sold in the three months to June 30, about 17 per cent down on the 6,682 sales in the first quarter.
This is the biggest quarter-on- quarter drop since the last three months of 2009, when new home sales plunged 66.6 per cent from the previous period. But experts said June's showing was down to the school holidays and there being few large launches and was not a sign of weakening demand.
URA data showed suburban condos fared the best, with 1,111 units sold, while city fringe projects moved only 119 units.
AMANDA TAN
19.5% fall in new private home sales
Published on Jul 17, 2012
SALES of new private homes remain on a slow descent with turn-over again down in June - the second consecutive month of decline.
Last month, 1,371 units were shifted - the lowest monthly total since December - and down 19.5 per cent from May's 1,704 units.
If executive condominium transactions are included, new home sales totalled 1,725 units last month, said the Urban Redevelopment Authority (URA) yesterday.
The quarterly picture reflects the same trend: 5,572 units were sold in the three months to June 30, about 17 per cent down on the 6,682 sales in the first quarter.
This is the biggest quarter-on- quarter drop since the last three months of 2009, when new home sales plunged 66.6 per cent from the previous period. But experts said June's showing was down to the school holidays and there being few large launches and was not a sign of weakening demand.
URA data showed suburban condos fared the best, with 1,111 units sold, while city fringe projects moved only 119 units.
AMANDA TAN