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

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

SINGAPORE: Monthly sales of new private homes in Singapore fell to their lowest since December 2022, according to data for September released by the Urban Redevelopment Authority on Monday .

OrangeTee and Tie senior vice president Christine Sun added that the housing market usually quietens during the lunar seventh month or Hungry Ghost festival, which ended in mid-September. He said Altura's appeal and popularity among prospective homebuyers could also be attributed to the recent"dry spell" in the launch of new ECs.

Ms Chia gave a similar range of 6,500 to 7,000 units, but noted that this would be below an earlier projection of 7,000 to 7,500 units as well as the total of 7,099 units sold in 2022.

Source: Education Headlines (educationheadlines.net)

 

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