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Cautious sentiment, lack of major launches: New private home sales down for 2nd straight month

SINGAPORE A lack of big project launches, cautious market sentiment, and the seasonal lull during the Hungry Ghost Month led to a dip in new private home sales for the second consecutive month by 44.9 per cent to 217 units in September, down from 394 units in August. This marked the lowest monthly private home sales in nine months,.

New private home sales in September fall to lowest since December 2022

Analysts cited a lack of major launches, the school holidays and the lunar seventh month as reasons for the dip.

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