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Monday, November 16, 2009

ST : Private home sales slow

Nov 16, 2009
Private home sales slow

PROPERTY developers sold just 811 units of new, private homes in October.

This is down from 1,143 units in September and 1,805 units in August, according to figures released by the Urban Redevelopment Authority on Monday.

One of the best sellers was the 278-unit Cyan in Bukit Timah Road. It launched 90 units, of which 81 were sold at a median price of $1,821 per sq ft.

In October, developers launched only 566 units,a far cry from the 1,413 units launched a month earlier.

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