The Business Times
business-time-50
SUBSCRIBERS

New private home sales sink further in November amid holiday lull

google-preferred-sourceAdd BT as a preferred source
Ry-Anne Lim

Ry-Anne Lim

Published Thu, Dec 15, 2022 · 01:40 PM
    • Developers in Singapore sold 259 units in November, down nearly 20 per cent from October and 83.3 per cent lower than in November 2021.
    • Developers in Singapore sold 259 units in November, down nearly 20 per cent from October and 83.3 per cent lower than in November 2021. PHOTO: BT FILE

    SALES of new private homes continued to sink in November, setting a new low amid a dearth of launches and the traditional year-end holiday lull. 

    Developers in Singapore sold a total of 259 units last month, excluding executive condominiums (ECs), going by data released by the Urban Redevelopment Authority on Thursday (Dec 15). This was a 17.3 per cent decrease from October’s 313 units, and 83.3 per cent lower than in November 2021. 

    Including ECs, 445 units were sold in November, down from the 811 units sold in October, and a 72.4 per cent plunge from the previous year. 

    Residential propertyprivate home salesHousingURAProperty developersSingapore property

    TRENDING NOW

    Jumbo Group says its landlord, the National Parks Board, is studying the redevelopment of East Coast Seafood Centre in tandem with longer-term plans for the park.

    Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30

    The bungalow's transacted price works out to about S$3,169 psf on the freehold land area of 23,979 sq ft.

    Shanda co-founder sells Tanglin Hill bungalow for S$76 million

    An artist's impression of Pelican Paradise Group's township project that was designed to include a five-star convention hotel, an 18-hole championship golf course and a hospital, among others.

    Singapore developer in limbo after Timor-Leste scraps major township project

    Terence Wong, founder and CEO of Azure Capital (left), with Trek 2000 executive chairman and group president Wayne Tan.

    Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More