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Home sales dive on dearth of launches

Full-year private home sales hit 15,015 , down 32.4% from previous year's volume

Kalpana Rashiwala

Kalpana Rashiwala

Published Wed, Jan 15, 2014 · 10:00 PM
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[SINGAPORE] Developers' private home sales shrank to 259 units (excluding executive condominiums, or ECs) in December 2013 - a big drop from 1,271 units in November and 1,410 units in December 2012.

Though the figure - the lowest since January 2009 (108 units) - was worse than market expectations, no panic buttons have been pressed.

The December drop was due largely to developers' strategy of holding back launches and gathering interest first, said agents.

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