Financial News: Singapore Home Sales Fall In October

Singapore Home Sales Fall In October

11/15/2019 - 06:40:00 (RTTNews)

(RTTNews) - Singapore private home sales decreased sharply in October, the Urban Redevelopment Authority reportedly said Friday.

Home sales totaled 928 units in October compared to 1,270 units in September. However, this was around 85 percent higher than in the same period of last year.

Developers launched 892 units for sale, which was below 1,714 units launched in September.

Including executive condominiums, developers moved 955 units in October versus 1,298 units a month ago.

Data released last month, home prices increased at a slightly slower pace of 1.3 percent in the third quarter after rising 1.5 percent in the previous quarter.

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