Advertisement
Singapore markets close in 2 hours 28 minutes

  • Straits Times Index

    3,291.77
    -0.92 (-0.03%)
     

  • Nikkei

    38,236.07
    -37.98 (-0.10%)
     

  • Hang Seng

    18,187.53
    +424.50 (+2.39%)
     

  • FTSE 100

    8,121.24
    -22.89 (-0.28%)
     

  • Bitcoin USD

    57,628.05
    -1,975.63 (-3.31%)
     

  • CMC Crypto 200

    1,261.53
    -9.21 (-0.73%)
     

  • S&P 500

    5,018.39
    -17.30 (-0.34%)
     

  • Dow

    37,903.29
    +87.37 (+0.23%)
     

  • Nasdaq

    15,605.48
    -52.34 (-0.33%)
     

  • Gold

    2,326.90
    +15.90 (+0.69%)
     

  • Crude Oil

    79.62
    +0.62 (+0.78%)
     

  • 10-Yr Bond

    4.5950
    -0.0910 (-1.94%)
     

  • FTSE Bursa Malaysia

    1,576.32
    +0.35 (+0.02%)
     

  • Jakarta Composite Index

    7,116.59
    -117.61 (-1.63%)
     

  • PSE Index

    6,659.35
    -41.14 (-0.61%)
     

New home sales down 31% in November

PropertyGuru
Updated
Property developers in Singapore sold 1,024 private homes in May, down 34 percent from 1,558 units in April, according to URA figures...

Artist’s impression of Parc Riviera in West Coast Vale.

Property developers in Singapore sold 860 units in November 2016, down 31.4 percent from the 1,253 units in the previous month, reported Channel NewsAsia, citing data from the Urban Redevelopment Authority (URA).

Including executive condominiums (ECs), developers sold 1,110 private homes, down from the 1,542 units sold in October.

The number of units launched by developers also fell from 1,467 units in October to 1,363 units last month.

Most of the sales took place at the Parc Riviera project in West Coast Vale, which sold 128 of the 200 units launched, and at Queens Peak in Queenstown, which sold 271 of its 736 units.

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg