Singapore new private home sales down 32.3% to 823 in September

NEW private home sales continued to ease in September following August's drop. Based on caveats lodged, analysts estimated that developers in Singapore sold 823 new private homes in September, down 32.3 per cent from August's 1,215 units.

Comparing year on year, the estimates are 38.1 per cent lower than the 1,329 new private homes sold in September 2020.

Analysts said the decline was within expectations, with developers holding off major launches last month.