Property market cools as 1,078 new homes sold in May


Singapore’s property market cooled significantly in May with just 1,078 units of new private homes sold.

This is about 50 per cent lower than the number of homes sold in April.

Data released Tuesday by the Urban Redevelopment Authority, URA, showed a decline in transactions across all segments.

Homes located in the city fringe were most popular during the month with 451 transactions.

However, this number pales in comparison with the 1,044 deals done in April.

Sales of new homes in the city dipped to 179 units in May, down from the 392 units sold the month before.

While sales volume of homes in the suburban areas fell from 771 units in April to 448 units last month.

Source : Channel NewsAsia – 15 Jun 2010

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s