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New private home sales fall 30% m-o-m in April, with sharp drop in launches

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Developers in Singapore sold 735 private homes in April, down around 30 per cent from the 1,054 units they moved in March, and marginally higher than the 733 units they sold in the corresponding month a year ago.

DEVELOPERS in Singapore sold 735 private homes in April, down around 30 per cent from the 1,054 units they moved in March, and marginally higher than the 733 units they sold in the corresponding month a year ago.

The figures - which exclude executive condominium (EC) units - were released by the Urban Redevelopment Authority on Wednesday based on its survey of licensed housing developers.

This came as 444 private homes were launched in April, of which 30 were in the core central region (CCR), 294 were in the rest of the central region (RCR) and 120 were outside the central region (OCR). In comparison, 1,812 units were launched for sale in March, and 664 units were launched in April a year ago.

Including ECs, which are a public-private housing hybrid, developers found buyers for 744 units last month, down about 30 per cent from 1,062 units in March and 44 per cent lower from 1,329 units in April last year. 

sentifi.com

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