http://www.businesstimes.com.sg/brea...r-ago-20130916

Published September 16, 2013

Aug home sales up from July, down from year ago

By ong chor hao [email protected]


DEVELOPERS moved 742 private homes in August, excluding the hybrid executive condominiums (ECs), recovering slightly from the 481 units sold in July following the implementation of a total debt servicing ratio (TDSR) framework.

However, the latest August sales figures was still just over half the 1,427 residences sold over the same period last year.

A total of 927 units were launched for sale in August, data from the Urban Redevelopment Authority (URA) showed on Monday, up from 557 units the month before.

Activity continued to be dominated by Outside Central Region (OCR) homes, which accounted for 73.5 per cent of sales and 76.5 per cent launches in August.