Home Sales At New Low

Source : The Straits Times, Feb 16, 2009

JANUARY was another quiet month for sales of new private homes.

Developers sold only 107 units of new private homes last month, down from 131 units in December, according to data released by the Urban Redevelopment Authority. -- PHOTO: THE NEW PAPER

Data released by the Urban Redevelopment Authority on Monday showed that developers
sold only 107 units of new homes last month, down from 131 units in December.

The figure is the lowest since monthly data was made public in June 2007. The second lowest monthly sales data was registered last October, when 118 units were sold.

In January, developers launched 204 new private homes for sale, up from 157 units last December.

There were only a few new launches in January.

One of them - Nova 88 - launched 40 units and sold 16 units at a median price of $947 per square foot, making it the top-selling project last month.