By Joyce Teo, Property Reporter

THE buying frenzy in the property market has cooled, with property developers selling just 811 units of new, private homes in October.

This is down 29 per cent from 1,143 units sold in September and 1,805 units in August, falling below the 1,000 unit level for the first time since January as government measures to cool the property market took effect.

The quieter market is due to fewer launches in October. According to data released by the the Urban Redevelopment Authority on Monday, developers launched only 566 units, a far cry from the 1,413 units launched in September. There were no major suburban launch.

For more The Straits Times stories, click here.