http://www.channelnewsasia.com/stori...396440/1/.html
192 private homes sold in November, up 63% on-month
By Wong Siew Ying, Channel NewsAsia | Posted: 15 December 2008 1446 hrs
SINGAPORE: Sales of uncompleted private homes rebounded 63 per cent on month in November, after falling 70 per cent in October.
According to latest data from the Urban Revelopment Authority (URA), 192 units of uncompleted private residential units were sold in November 2008, up from 118 units sold a month before.
But as a percentage of the number of homes launched, sales for November fell by about 24 percentage points, from 74 per cent to 50 per cent.
URA says developers launched 382 units in November, compared to the 159 units put out in October.
The latest figures also showed that private residential properties outside the central region continued to perform better.
The most expensive unit sold was at Vida, a development at Peck Hay Road, which went for S$1,931 per square foot.
Demand in the property sector has cooled in recent months due to poor consumer confidence and the global financial crisis.
Home prices also fell for the first time in third quarter this year, after four years of growth.
- AFP/yb