New private home sales fall by half in December

Buyers queueing with their agents  to book a unit at High Park Residences on July 17, 2015.
Buyers queueing with their agents to book a unit at High Park Residences on July 17, 2015. ST PHOTO: SEAH KWANG PENG

SINGAPORE - Sales of new private homes in Singapore ended last year with a whimper, as developers sold just 384 homes in December.

This was about half the amount sold in November, though it was comparable to other months where no new projects were launched.

It was also decidedly ahead of the meagre 230 new homes sold in December 2014.

This takes the full-year tally to 7,529, 2.9 per cent up on 2014's figures.

December's new homes sales figure was split among 18 sales in the core central region, 153 in the rest of central region, and 213 in the outside central region.

The top seller in the month was The Poiz Residences in Potong Pasir, where 64 units changed hands at a median price of $1,430 per sq ft. The project was launched in November.