Sale of private homes down by 19.5% in June

The sale of private homes by developers fell 19.5 per cent from May to June this year.

According to numbers released by the Urban Redevelopment Authority (URA) on Monday, a total of 1,371 private homes excluding executive condominium (EC) units were sold in June, compared to the 1,704 units sold in May.

When compared year-on-year, there has been an increase of private home sales by 16 per cent.

The total number of private homes and EC units sold in was reported as 1,725 units, which is 16.3 per cent lower than the 2,062 sold in May.

The same figure for June this year also showed an increase of 23.7 per cent from the same period last year.

The number of units launched in June by developers, excluding ECs, was half that in May. While 2,449 units were launched in May, only 1,303 units were released in June. A total of 3,114 units including ECs were launched in May. This number also fell to 1,719 units in June.

ljessica@sph.com.sg