New private home sales down 31% in May 2012!

New private home sales in Singapore fell 31.6% in May following strong sales in the first four months of the year.

According to data released on Friday by the Urban Redevelopment Authority, 1,702 new private residential units, excluding executive condominiums (ECs), were sold in May, down from April's record 2,487 units sold.

URA said 1,205 new homes were sold in the suburbs, or Outside Central Region, in May.

Meanwhile, 362 new homes were sold in the city fringes, or Rest of Central Region (RCR), and 135 units were sold in the city, or Core Central Region (CCR).

Including ECs, 2,057 units of new homes were sold in May.

Source: Channel News Asia

Thanks to MS for alerting us about the news flash.

So is this just a blip or a sign of things to come...?

.