More new private homes sold in June but half-year sales figure lowest on record

SINGAPORE: Purchases of up-to-the-minute non-public homes rose in June, however the market restful saw its lowest half-yearly resolve on epic.

Data released by the City Redevelopment Authority (URA) on Monday (Jul 15) showed that, rather than for executive condominiums (ECs), developers sold 228 fashions in June, up 2.2 per cent from the month sooner than.

With 1,916 fashions sold in the first half of 2024, this marked the bottom half-year resolve recorded since 2008, lower than the second half of 2008 – correct thru the realm monetary crisis – when 1,977 fashions were sold, talked about CBRE head of research of Southeast Asia Tricia Music.

OrangeTee’s chief researcher and strategist Christine Solar also favorite that the resolve changed into once lower compared to the COVID-19 lockdown duration, which saw 3,863 fashions sold in the first half of 2020.

On a year-on-year foundation, current non-public residence sales fell about 18 per cent last month from the 278 fashions sold in June 2023.