Homepage
PR Newswire
15-06-2017, 02:25 PM
Singapore Home Sales in May Fall 34% as Fewer Projects Launched
by Pooja Thakur Mahrotri
June 15, 2017, 12:52 PM GMT+8
Singapore home sales fell 34 percent in May as fewer new projects were launched.
Developers sold 1,024 units last month, compared with a revised 1,558 in April, according to Urban Redevelopment Authority data released on Thursday. A total of 339 new properties were offered, down from 1,616 in April, the data showed.
Developers have still notched sales of more than 1,000 units a month for the past three months, after the government in March relaxed a raft of measures to cool home prices. Property prices fell 3 percent last year and have dropped for 14 straight quarters, the longest slide since the data were first published in 1975.
More details in https://www.bloomberg.com/news/articles/...s-launched
by Pooja Thakur Mahrotri
June 15, 2017, 12:52 PM GMT+8
Singapore home sales fell 34 percent in May as fewer new projects were launched.
Developers sold 1,024 units last month, compared with a revised 1,558 in April, according to Urban Redevelopment Authority data released on Thursday. A total of 339 new properties were offered, down from 1,616 in April, the data showed.
Developers have still notched sales of more than 1,000 units a month for the past three months, after the government in March relaxed a raft of measures to cool home prices. Property prices fell 3 percent last year and have dropped for 14 straight quarters, the longest slide since the data were first published in 1975.
More details in https://www.bloomberg.com/news/articles/...s-launched
Specuvestor: Asset - Business - Structure.