Resale of non-landed homes in Jan down 70%

RESALE transactions of non-landed private residential homes tumbled 70.2 per cent to 310 in January, from 1,039 deals a year ago.

In the latest sign that buyers' sentiment remains dampened by recent cooling measures, flash estimates from the Singapore Real Estate Exchange (SRX) released over the weekend indicated that the number of resale deals last month was also 9.1 per cent lower than December's 341 transactions.

But it was not all gloom for developers last month: res…