PRIVATE homes sales in October hit just 112 units, down from 376 in September, according to data released by the Urban Redevelopment Authority (URA) on Monday.

Developers launched 159 units in the month, down from 767 units in September.

The dismal figures were a result of very weak sentiment in light of the global financial crisis.

Last month's sales figures were even lower than February, when the 170 units sold were the lowest level registered since the URA started releasing monthly data in June last year.

In the first three quarters of the year, sales of private homes were at 3,890 units.

During the market boom last year, sales of such homes reached 14,811 units.

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