October home sales fall 25.7%

By The Folks @PropTalk - November 15, 2012 No Comments

Sales of new private homes in Singapore declined by about 25.7% to 1,948 units in October, from 2,621 units in September, according to data released by the Urban Redevelopment Authority (URA).

URA said October's sales were led by the mass market segment which sold a total of 1,482 units.

Meanwhile, 144 new homes in the core central region and 322 new units in the city fringe were sold.

The top three best-selling private condominium projects in October were Skies Miltonia which sold 309 units, followed by Riversails with 271 units sold and eCO with 149 units sold.

Including Executive Condominiums (EC), 2,624 units were sold in October - down from 2,771 units in the previous month.

The star performers in the EC segment included Heron Bay at Upper Serangoon with 354 units sold and Waterbay at Edgefield Plains which moved 221 units.

Developers launched a total of 2,410 units of private homes and ECs in October.
Source: Channel News Asia

The new private home sales for August was down 3.6% while September sales was up 84%. And now October sales showed a 25.7% decline. This makes the wife and I wonder if the "see-saw" pattern will persist or will November buck the trend?
Click on links below to read our previous posting on the August & September sales data:

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