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

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.