Developers sell 1,332 private homes in Dec

January 17, 2011, 12.56 pm (Singapore time)


Developers sell 1,332 private homes in Dec

By KALPANA RASHIWALA

Developers sold 1,332 private homes (excluding executive condos or ECs) in December 2010, taking total sales for the whole of last year to 16,364 units.

This figure is 11.4 per cent higher than the 14,688 private homes (excluding ECs) developers sold in 2009.

The latest full-year tally also surpasses the record 14,811 private homes (excluding ECs) developers sold in 2007.

In November 2010, developers disposed of 1,915 private homes excluding ECs.

Including ECs, which are a hybrid between private and public housing, developers sold a total 1,699 units last month, show figures released on Monday by Urban Redevelopment Authority.

The figures, based on monthly sales figures by developers to URA, also show that developers launched 1,179 private homes excluding ECs in December, about half the 2,331 units they launched in November

SOurce: www.businesstimes.com.sg