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New private home sales tepid in July amid few major launches

Published on Aug 15, 2014 12:56 PM
 
The Laurels at Cairnhill Road. Sales of new homes remained lacklustre in July, partly due to few major launches that month. -- PHOTO: ST FILE

SINGAPORE - Sales of new homes remained lacklustre in July, partly due to few major launches that month. 

Developers sold just 484 private homes last month, according to Urban Redevelopment Authority figures out on Friday.

This was about the same as the 482 private condominium and apartment units moved in June.

The number of new homes sold in July was about 10 per cent than the 434 homes that went on the market, indicating that buyers were picking up units at projects launched earlier in the year.

 
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