August new private home sales drop 72% m-o-m to 394 units
Crowd at Altura EC sales gallery. The development was the best-performing project in August (Photo: Qingjian Realty/Santarli Realty)SINGAPORE (EDGEPROP) - According to data released by URA on Sept 15, developers sold 394 new homes excluding executive condos (ECs) in August – a 72.1% m-o-m plunge from the 1,412 units sold in July that marked a 20-month high. On a y-o-y basis, sales were down 10% compared to 438 new homes sold in August 2022.The m-o-m drop in sales follows fewer new launches. “The