April new private homes sales halved on-month!

By The Folks @PropTalk - May 15, 2013 5 Comments

Sales of new private homes, excluding executive condominiums, halved to 1,375 units in April, compared to March.

This was down from the record 2,793 units sold by developers in March, the highest monthly sale volume since June 2007.

According to the latest figures released by the Urban Redevelopment Authority, the April 2013 figure was also lower than the 2,497 new home sales recorded a year ago.

The drop was mainly due to the fewer units moved in the suburbs and city fringes in April.

URA data showed that developers sold 727 new private homes in April, down 60% from 1,814 in March. The number of new units moved in the city fringe region declined 43% to 470 units.

But the number of new private homes sold in the city area bucked the trend, rising by 13.4% to 178 units in April, compared to the month before.

Source: Channel News Asia

5 comments to ''April new private homes sales halved on-month!"

  1. cos savvy investors find more value in the FH CCR...

  2. Resale unit owners shall reduce the asking price to compete with the New units sold by Developers...10%+10% discount strategy to make reasonable profit....

  3. "shall" or "may"?

  4. not shall or may.. but MUST

  5. Not much serious Buyers around...Dunno what will happen to market...resale hit very bad now a days...month May...