Singapore private home sales up 18% in October

Property developers sold 765 new private homes last month, up from the 648 units sold in September, according to the Urban Redevelopment Authority.

SINGAPORE: The private housing market picked up pace in October, with sales of new homes rising 18 per cent from the previous month.

Excluding executive condominiums (ECs), developers sold 765 new units last month, up from the 648 units sold in September, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 17). Including ECs, 855 units were sold in October, up from 707 units in September.

The improved sales came as more units were launched for sale. A total of 649 units were launched in October, up from the 514 units launched in the previous month.