Property players divided over URA's Q3 data

Singapore

PROPERTY consultants have given mixed reactions to the latest third-quarter private housing data released by the Urban Redevelopment Authority (URA).

Pointing to indications of weakness setting in, some analysts highlighted that the 3,951 private homes (excluding executive condos) sold in primary and secondary markets in July-September 2013 was just 57 per cent of the volume in the preceding quarter, in addition to being the weakest showing since Q4 2008 during the global crisis, when 1,639 units were transacted.