Private home sales drop 30% on-month

[sleek]

Private home sales drop 30% on-month
By Jonathan Peeris | Posted: 17 January 2011 1427 hrs

SINGAPORE: Sales of private home properties moderated in December, but still came in above the 1,000 units level. Data released on Monday by the Urban Redevelopment Authority (URA) shows that 1,332 private homes were sold last month.

That is a 30 per cent on-month drop from the 1,915 units sold in the previous month.

Including Executive Condominiums, the total sales would have reached an even higher figure of 1,699.

Chalking up the best sales was Prive at Punggol Road, which sold 326 units for a median price of S$704 per square foot.

Meanwhile, the most expensive property sold in December was at The Ritz Carlton Residences at Cairnhill Road, where a unit was sold at a median price of S$4,307 per square foot.

-CNA/ac

[kane]

How did Dec 10 compare with Dec 09. That's a more meaningful comparison. December everyone isbon holiday and busy preparing Christmas. In most cases, it should always have a slower month compared to November. But most importantly, where's the price trend.