New private home sales down 59.8% from year ago

View of apartment buildings in Singapore.

Sales of new private homes fell by 59.8 percent to 716 units in March 2018 from 1,780 a year ago, according to data released by the Urban Redevelopment Authority (URA) on Monday (16 Apr).

But on a monthly basis, the sales volume rose by 86.5 percent from 377 units in February due to an increase in the number of new condo launches last month.

This is a developing story.

 

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Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

This post was originally posted on Property Guru Property Market News Section