August private home sales drops 3.6%

Private home sales in Singapore dipped 3.6% in August. This follows the 17% rebound in July.

The dip comes after the government increased the income ceiling for public flats and executive condominiums (ECs) in August.

Some 1,348 units were sold in August, excluding ECs. That's 50 units fewer than the 1,398 units sold in the previous month.

More than eight in ten units - 1,114 of the total units sold in August - were sold in the suburbs, while 169 units came from city fringe areas with 65 units sold in the city centre.

The most expensive unit sold in August was at The Marq on Paterson Hill in District 9, which went for $6,394psf.

Source: Channel News Asia

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