New home sales down 80% in December
Sales of new homes tumbled last month, as home buyers picked up 259 units directly from developers.
This was almost 80 per cent down from the 1,271 units snapped up in November, data from the Urban Redevelopment Authority revealed on Wednesday.
The figures exclude executive condominiums.
Sales in the suburbs helped prop up last month's buying activity, with 125 units sold. Developers moved only 90 units in the city fringe areas, while just 44 units were snapped up in the city centre.