Secondary-market deals at lowest level since 2004

[SINGAPORE] The number of private homes changing hands in the secondary market halved from 15,678 units in 2012 to 7,695 units last year - the lowest volume since 2004, when 6,476 units were sold, according to a caveats analysis by DTZ.

Last year's drop in secondary-market transactions - comprising resale and subsale transactions - was much larger than a 31.3 per cent slide in the number of private…