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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,...
Analysts cited a lack of major launches, the school holidays and the lunar seventh month as reasons for the dip.
Prices rose by 0.5 per cent while the number of units sold fell by 15 per cent Read more at straitstimes.com.
Private home prices increased slightly by 0.5 per cent in the third quarter of 2023 after it fell in the previous quarter.
Cooling measures, higher mortgage rates and rising prices for new launches have dashed upgrading aspirations. Read more at straitstimes.com.