Big slide in private home sales in December 2011!

Sales of new private homes in Singapore fell 62.9 per cent in December, based on latest data released on Monday.

The Urban Redevelopment Authority (URA) said a total of 632 units were sold last month excluding executive condominiums.

That's significantly lower than the 1,702 private homes sold in November.

Around 489 units were sold in the outlying areas or outside central region while 108 private homes were sold in city fringes.

Only 35 units were sold in the prime district.

The best selling projects were all located outside the central region: The Archipelago with 103 units sold, The Nautical with 84 units and The Palette with 61 units sold.

In December, developers placed 937 units of new homes for sale, compared to 1,967 units launched the previous month.

Source: Channel News Asia

 
The drop in December sales is hardly unexpected but the magnitude of the fall is somewhat a surprise. And given last month's dismal sales figure, it brought the total tally for 2011 to 16,025 - a tad shy of the 16,292 achieved in 2010 but still impressive nonetheless, considering the number of cooling measures that were introduced last year...

Click on below to read our previous post on the November 2011 sales figure:
http://www.sgproptalk.blogspot.com/2011/12/novembers-home-sales-up-223-month-on.html

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