New private homes sold in June jump 53% year-on-year

SINGAPORE – The number of new private homes sold in June jumped by 53 per cent from a year ago, according to Urban Redevelopment Authority data released on Monday (July 17).

Developers sold 820 units last month, 284 or 53 per cent more than the 536 new private homes moved in June last year.

June sales were 21 per cent lower than the 1,039 homes sold in May, which was the third straight month when transactions exceeded 1,000. June, the school holiday month, is a traditionally lull period for the property market, as well as having fewer number of homes hitting the market.

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