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Singapore private-home sales down 35% year-on-year in January

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Singapore developers sold 372 private homes in January, up from the 230 units in December 2014. However, last month's sales figure is still a 35 per cent drop from the 572 units moved in January 2014.

SINGAPORE developers sold 372 private homes in January, up from the 230 units in December 2014. However, last month's sales figure is still a 35 per cent drop from the 572 units moved in January 2014.

The above figures exclude executive condominiums (ECs), a public-private housing hybrid.

Including ECs, developers sold 556 units last month, an increase from 406 units in December. Compared to the 620 units sold a year ago, however, this represents a 10 per cent drop.

The above figures were released on Monday by the Urban Redevelopment Authority based on monthly submissions of housing sales statistics by developers.

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