Developer sales down 29% m/m in Oct

(Abstract from Business Times 16th Nov,2009 by Kalpana Rashiwala)

SINGAPORE - Developers sold 811 private homes in October this year, down 29 per cent from the 1,143 units they sold in the preceding month.

The latest October number was the lowest figure since the rebound in home sales started in February this year.

Latest figures released by Urban Redevelopment Authority also showed that developers launched a total 566 private homes in October, a nearly 60 per cent contraction from the preceding month.

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