Developers sold more private homes (excluding EC) in Jan 2014 than Dec 2013

[princess_morbucks]

The Business Times ‏@BTBreakingnews 1m

Developers sold 565 private homes excluding ECs in Jan 2014, up from 259 units in Dec 2013, according to #URA data #SingaporeProperty

[princess_morbucks]

http://www.businesstimes.com.sg/breaking-news/singapore/developers-sold-more-private-homes-jan-ura-20140217

Developers sold 565 private homes excluding ECs in Jan 2014, up from 259 units in Dec 2013.
In January 2013, they sold 2,028 private homes.
Including ECs, which are a public-private housing hybrid, developers moved 610 homes last month, again up from 333 homes in December but much lower than the 2,284 units they sold in January 2013.
These figures were released on Monday by Urban Redevelopment Authority based on monthly sales data submissions from developers.

[princess_morbucks]

http://www.todayonline.com/singapore/new-private-property-sales-pick-pace-demand-still-tepid

SINGAPORE — New private property sales picked up pace in January after falling to a near 5-year low the previous month, but demand remained tepid as developers held back from launching new projects and buyers generally stayed on the sidelines as various measures that have cooled the market continued to have an impact.
A total of 565 new private homes were sold in January, according to today’s (Feb 17) figures released by the Urban Redevelopment Authority. That was better than the 259 which were sold in December, but a sharp fall from the 2028 units that were snapped up in January last year.

The low sales numbers in the last 2 months reflect the cautious mood among bother buyers and developers.
Some potential buyers appear to be waiting for prices to soften while developers are also reluctant to launch new property developments at a time when sentiment is soft.
That mindset was reflected by the fact that only 549 units were launched in the month, a sharp fall from the 1814 units in January 2013.