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More new private homes sold in June but half-year sales figure lowest on record

Channel News Asia LogoChannel News Asia1d ago

More new private homes sold in June but half-year sales figure lowest on record - Channel News Asia

Quick Summary:

SINGAPORE: Purchases of new private homes rose in June, but the market still saw its lowest half-yearly figure on record.  Data released by the Urban Redevelopment Authority (URA) on Monday (Jul 15) showed that, excluding executive condominiums (ECs), developers sold 228 units in June, up 2.

Ms Song also noted that all of the top 10 best-performing projects in June came from existing projects mainly from the OCR and RCR, which is "indicative that buyers have turned very price sensitive amid economic weakness and high mortgage rates".

Although sales are likely to increase in July, Ms Song said the tentative stance among buyers is likely to continue until interest rates drop and the economy rebounds.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 17:39:21 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 655 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21626916

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 39 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 45 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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